World Bank warns countries to prepare for a global slump – USATODAY.com
The World Bank warned Wednesday 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.
The bank cut its growth forecast for developing countries this year to 5.4% from 6.2% and for developed countries to 1.4% from 2.7%. For the 17 countries that use the euro currency, it forecast a contraction, cutting their growth outlook to -0.3% from 1.8%.
Global growth could be hurt by a recession in Europe and a slowdown in India, Brazil and other developi
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