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World Bank predicts global slowdown

Posted on 20 January 2012

Developing countries have been advised to prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said in its newly-released Global Economic Prospects report.
The World Bank has lowered its growth forecast for 2012 to 5.4 per cent for developing countries and 1.4 per cent for high-income countries, down from its June estimates of 6.2 and 2.7 per cent, respectively………………………………………..Full Article: Source


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