(EnergyAsia, June 17, Wednesday) — The World Bank has downgraded its forecast for the global economy this year, predicting it will contract by 3% as opposed to the previous -1.7% estimate, and poor countries will take the brunt of “multiple waves of economic stress”. Painting an increasingly bleak picture, World Bank Group President Robert B….
WORLD: World Bank says global economy to shrink by 3%, worse than previous forecast of -1.7%
Posted on June 16, 2009 by EnergyAsia