World Bank Projects Global Slowdown, with Developing Countries Impacted

Beijing, January 18, 2012 – Developing countries should prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, says the World Bank in the newly-released Global Economic Prospects (GEP) 2012.   The Bank has lowered its growth forecast for 2012 to 5.4 percent for developing