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Monday, 06 July 2009
Seattle Times
WASHINGTON - The deepening recession means growth in the developing world will slow to 2 percent this year, according to the World Bank, which predicts that economic activity will remain depressed for the next two years. Back in November, the World Bank estimated that the gross domestic product - a total output of goods...
Pedestrians are reflected on the stock indicator in downtown Tokyo in this March 12, 2007 file photo. The world economy, buffeted by the credit crisis gripping financial markets, is expected to keep expanding in 2008 _ albeit at a slower pace _ with little fear of recession. But unlike past economic upswings driven by the U.S., Japan and Western Europe, the main engines of growth this time are predicted to be China, India and other emerging economies.
photo: AP / Katsumi Kasahara, file


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