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World Bank slashes global GDP forecasts, outlook grim

 
Mr Martin
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01/18/2012 04:28 PM

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World Bank slashes global GDP forecasts, outlook grim
BEIJING - The World Bank yesterday warned of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.

It predicted world economic growth of 2.5 per cent this year and 3.1 per cent next year, well below the 3.6-per-cent growth for each year projected in June.

The bank also cut its growth forecast for developing countries this year to 5.4 per cent from 6.2 per cent and for developed countries to 1.4 per cent from 2.7 per cent.

For the 17 countries that use the euro currency, it forecast a contraction, cutting their growth outlook to -0.3 per cent from 1.8 per cent.


[link to www.todayonline.com]

Last Edited by Mr Martin on 01/18/2012 04:36 PM
All that is necessary for evil to triumph is for GoodMen to do nothing.
Osmosys

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01/18/2012 04:55 PM

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Re: World Bank slashes global GDP forecasts, outlook grim
things are getting worse instead of better
Revbo™

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01/18/2012 05:02 PM
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Re: World Bank slashes global GDP forecasts, outlook grim
things are getting worse instead of better
 Quoting: Osmosys


That's what happens when you try to borrow yourself out of bankruptcy.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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01/18/2012 05:03 PM
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Re: World Bank slashes global GDP forecasts, outlook grim
But the stock market is still ok

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