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Commodities Briefing - Categorized | Commodities Exchanges, Market Moves more

Developing economies to slow sharply: World Bank

Posted on 11 December 2008

From Reuters: The international financial crisis is set to sharply slow growth in emerging and developing economies next year, ending a five-year global commodity price boom, the World Bank said on Tuesday.

The World Bank’s 2009 Global Economic Prospects report forecast world growth will weaken to 0.9 percent next year from 2.5 percent in 2008 with simultaneous recessions in the United States, Western Europe and Japan….. Full Article: Source


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