Friday, January 20, 2012

World Bank warns of global growth slowdown

This article titled "World Bank warns of global growth slowdown," is a report from the associated press that reviews some comments made by the world bank earlier this week about the possibility of a slowdown in global economic growth. This article says that developing countries will be hit harder than developing countries, but it also says that no countries will be spared. It also says that every country may be hit just as hard as the 2008 recession, because most countries are in a much worse economic condition than 2008 and thus may not be able to take preventative measures if conditions do worsen. I find this to be an interesting report because most of the other things I have read lately and in talking to people it seems like we are slowly making improvements, not taking steps backwards.

1 comment:

Unknown said...

I also read many articles saying that the economy is healing slowly, so I was also surprised when read the article. There will be many presidential elections around the world this year. What effect would this bring to global economy?