World Bank warns of downturn worse than '08

Courtesy MSNBC.com: Business  Wed, 01/18/2012 - 06:37

World Bank Chief Economist Justin Yifu Lin, right, speaks as Hans Timmer, director of development prospects at the World Bank, left, looks on during a press conference on Global Economic Prospects 2012 at the World Bank Office in Beijing, China.<br /><br />The World Bank warned of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.



 

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