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World Bank Warns on Emerging GDP

Brussels : Belgium | 4 months ago  
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Developing countries' net private capital inflows fell 41% last year and will be cut nearly in half this year, the World Bank said in a report that offers little hope that the countries will provide the spark for the global economic engine. Meanwhile, European Central Bank Gov. Jean-Claude Trichet...
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  • News Source: EU Observer | 4 months ago
    The announcement highlights the heavy toll being extracted on public finances by the government's stimulus plan and falling tax receipts, with the latest figure a considerable increase on a previous March forecast for a 5.6 percent deficit this year.
  • News Source: New Zealand Infotech Weekly | 4 months ago
    Sentiment at big Japanese manufacturing firms improved in the three months to June, but the World Bank said prospects for the global economy remain "unusually uncertain" as it cut 2009 growth forecasts for most economies. Governments around the world...
  • News Source: Asian Wall Street Journal | 4 months ago
    Developing countries' net private capital inflows fell 41% last year and will be cut nearly in half this year, the World Bank said in a report that offers little hope that the countries will provide the spark for the global economic engine. Meanwhile,...
  • News Source: Guardian Unlimited | 4 months ago
    European Central Bank president Jean-Claude Trichet warned today that governments that have borrowed billions to fight the economic crisis had no room for more debt and would have to start bringing down budget deficits. Trichet said the large...

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