mick silver
19th January 2012, 11:09 AM
http://www.telegraph.co.uk/finance/financialcrisis/9023099/World-Bank-fears-Europes-crisis-could-set-off-deeper-global-slump-than-Lehman-collapse.html ...
The World Bank has slashed its global growth forecast and told developing nations to prepare for the worst, warning that Europe’s debt crisis could trigger an even deeper slump than the post-Lehman collapse three years ago.
http://i.telegraph.co.uk/multimedia/archive/01866/Eurosymbol_1866222b.jpg The bank said there is a risk that turmoil in Europe could interact with the delayed effects of monetary tightening in Asia and Latin America, reinforcing each other in a 'downward overshooting of activity'. Photo: Bloomberg News
The World Bank has slashed its global growth forecast and told developing nations to prepare for the worst, warning that Europe’s debt crisis could trigger an even deeper slump than the post-Lehman collapse three years ago.
http://i.telegraph.co.uk/multimedia/archive/01866/Eurosymbol_1866222b.jpg The bank said there is a risk that turmoil in Europe could interact with the delayed effects of monetary tightening in Asia and Latin America, reinforcing each other in a 'downward overshooting of activity'. Photo: Bloomberg News