World Bank warns developing world to prepare for shocks
The World Bank has warned developing countries they need to be prepared for shocks as global economic growth slows.
The organisation has slashed its growth forecasts, and is now predicting a 0.3% contraction for the eurozone in 2012.
"Developing countries need to evaluate their vulnerabilities and prepare for further shocks, while there is still time," said World Bank chief economist Justin Yifu Lin.
"Escalation of the crisis would spare no-one," the report's author warned.
Referring to the eurozone crisis and its potential to impact growth in rich and poor countries, Andrew Burns said:
"Developed and developing-country growth rates could fall by as much or more than in 2008/09.
http://www.bbc.co.uk/news/business-...
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This news is fed on and on so as to sensitize the common public to the fact that there is no other alternative but to come together and work for the common good - a "New World Order", a 'New One World Currency". One Humanity!! Those who have ears hear!! Those who have eyes see!!! Make way for the Lord Yeshua who is coming soon !!!
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Because the developing world
Thu, 01/19/2012 - 13:02Because the developing world does most of the "developing" and production we should expect this to raise prices here at home and grind our stagnant growth to a grinding halt... if what the World Bank says is true.
Also to keep in mind, the European Union is the world's number one supplier of foreign aid.
Think tower of Babel here
Fri, 01/20/2012 - 13:07If we become one humanity we can accomplish anything. With all the new technologies we have today language is no longer a hinderance. The spirit of Babel is still alive and well!