The World Bank has lowered its global growth forecast for 2015 due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. FOREX.com Research Director Kathleen Brooks says the World Bank has made the right decision to cut global growth forecasts.

SHOWS: LONDON, ENGLAND, UK (JANUARY 14, 2015) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'THE WORLD BANK HAS CUT ITS GROWTH OUTLOOK - IS THAT A SURPRISE CONSIDERING OIL PRICES ARE SUPPOSED TO BOOST THE GLOBAL ECONOMY?'

2. FOREX.COM, RESEARCH DIRECTOR, KATHLEEN BROOKS, SAYING:

'I think it is slightly a surprise because a lot of people have been talking about the effect on consumption etc. However, I think the World Bank have made probably the right decision by cutting global growth forecasts. Because a lot of economies could actually be pushed into maybe default on the back of this issue, where they are so reliant on their oil revenues, if they are not coming in, and they have fallen so sharply and it looks like oil prices are going to remain low for a long time and that could really be a threat for some very large economies in the world. So I think they have done the right thing there.'

3. SLATE, READING (English): 'HOW RELIEVED WILL DRAGHI BE THAT THE LAST BOND-BUYING SCHEME HAS NOT BEEN THROWN INTO DISARRAY BY THE GERMAN COURTS - IT COULD HAVE BEEN A REAL SPANNER IN THE WORKS COULDN'T IT?'

4. FOREX.COM, RESEARCH DIRECTOR, KATHLEEN BROOKS, SAYING:

'Absolutely whenever you talk about ECB policy there is always a political element to it. So having this ruling by the European Court of Justice actually pretty much go in the ECB's favour is a real sigh of relief and does allow them to maybe pave the way towards QE. It certainly makes it more likely to happen later this month.'

5. SLATE, READING (English): 'THE ECB SAYS IT'S IN FAVOUR OF LOOSE MONETARY POLICY TO ACHIEVE STABILITY - DO YOU THINK DRAGHI WILL BE ABLE TO DO ENOUGH TO BOOST THE EURO ZONE NEXT WEEK?'

6. FOREX.COM, RESEARCH DIRECTOR, KATHLEEN BROOKS, SAYING:

'I personally don't think he will because maybe the European Court of Justice has said that the OMT programme isn't illegal but QE is a very different thing. We are not going to get Fed style QE we don't believe. We still don't think that the ECB's balance sheet will be boosted back to those 2012 levels, certainly not in the near term anyway. So there is a good chance that actually even if they do announce a QE programme around about the 500 billion euro mark that is not going to be enough to dent deflation or to reverse that situation. So there is a real chance that Mario Draghi will have to go back to the drawing board in a few months time.'

7. SLATE, READING (English): 'FRENCH INFLATION HAS FALLEN TO ITS LOWEST LEVEL IN FIVE YEARS - WAS THAT EXPECTED AND HOW MUCH EXTRA PRESSURE DOES IT PUT ON DRAGHI?'

8. FOREX.COM, RESEARCH DIRECTOR, KATHLEEN BROOKS, SAYING:

'Well French inflation has been falling so it is absolutely expected. It is not just France that has come under pressure. Greece for example, prices are falling at a 2.6 percent annual rate, that is deep in deflation territory. So this isn't just a problem affecting one or two members of the euro zone, it is affecting everyone, even Germany is going to be affected by this. We have seen it in the UK and it is likely that the U.S. will. Obviously France being the second largest economy in the currency in the bloc, it is going to be a massive concern for Draghi and that is why essentially they have to act because the larger economies in Europe are also struggling, it is not just the periphery like we have seen in the past. This is a problem that has really taken a firm grip of the entire euro zone. So the ECB have to work within their mandate and they really have to do something at this stage.'