Posts Tagged ‘World Bank’

World Bank forecasts 4.7 % slow economic growth in developing countries

Tuesday, June 23rd, 2009

(PTI): The World Bank forecasts a 4.7 percent plunge in economic growth in developing countries for this year from 5.9 percent in 2008 over the deepening global recession.

The bank says gross domestic product (GDP) of the counties is expected to shrink by 1.6 percent if China (more…)

Worsening global economic meltdown and rising unemployment could lead to a social crisis: World Bank

Wednesday, May 27th, 2009

(PTI): World Bank President Robert Zoellick warns that the worsening global economic meltdown and rising unemployment could lead to a ’social crisis’.

“If we don’t take measures there is a risk of a great human and social crisis, with major political implications,” Robert Zoellick (more…)