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Opalesque Exclusive: World Bank economist: No global slow down, reforms continue to drive markets, Colombia to shine Matthias Knab reports "live" from Miami

There will be no global slow down Simeon Djankov, Chief Economist of Private Sector & Finance, The World Bank, says there is no reason to support the views that are particularly voiced by US media about a severe global slow down. He conceded that U.S. and some of the largest European economies may slow down, but there is "no base" for a global crisis. The media would "greatly exaggerate" and misjudge the global economic situation.

We would still be in the middle of the fastest economic growth phase which for the first time has positive affects across all regions on the globe. Djankov explained that looking back, the Chinese financial markets were considered to possibly put the global markets at risk, but due to continued growth and FX reserves etc. this danger has not materialized. A few years back, another area of concern was failed reforms and slow downs in Central and Eastern Europe, but also here the structural changes and an economic revival averted this risk.

Global asset flows While the Middle East would show a large appetite for Western Europe, China's international investments are driven by concerns to secure commodities supply as the largest investor in Africa. China would also soon become the largest investor in the Middle East as well. Also India would be come......................

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