In its latest projections, the bank estimates global growth of 3.3 percent this year following a 3.9 percent rate in 2010.
Emerging and developing countries were expected to expand 6.0 percent, down from a 7.0 percent pace in 2010, the bank said in its latest Global Economic Prospects report.
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But that was more than double the 2.4 percent rate expected to be clocked by high-income countries this year, slowing from a 2.8 percent rate in 2010.
Growth in both high-income and developing countries, however, was expected to pick up toward mid-2011, and "settling at rates close to their longer-run potential.
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For 2012, growth in the global economy was seen rising at a 3.6 percent rate. High-income countries were expected to expand by 2.7 percent and developing countries would speed up just a notch, to 6.1 percent.
Still, the overall pace of growth is t