Growth prospects among large developing countries and economies in transition are mixed. Growth in Brazil has been hampered by weak external demand, volatility in international capital flows and tightening monetary policy, but growth is expected to rebound to 3 per cent in 2014. A slowdown in China has been stabilized and growth is expected to maintain at a pace of about 7. 5 per cent in the next few years. India experienced its lowest growth in two decades, along with large current account and government budget deficits plus high inflation, but growth is forecast to improve to above 5 per cent in 2014. In the Russian Federation growth weakened further in 2013, as industrial output and investment faltered, and is expected to recover modestly to 2. 9 per cent in 2014.Among developing regions, growth prospects in Africa remain relatively robust. After an estimated growth of 4. 0 per cent in 2013 , GDP is projected to expand by 4. 7 per cent in 2014. The report emphasized the dependence of Africa's growth on investment in infrastructure, trade and investment ties with emerging economies, and improvements in economic governance and management.(186 words)