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World Bank: world growth at 'turning point'

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World Bank: world growth at 'turning point'

Unread postby Sys1 » Thu 07 Apr 2005, 05:40:38

World Bank: Global growth at 'turning point' (Bloomberg)

interesting quotes :
"Global economic expansion is at a ''turning point," with growth slowing to 3.1 percent this year after the fastest increases in four years, the World Bank said."

or

"Oil prices, grouped with moderate wage increases in Europe, particularly hurt domestic demand there, and when factoring in the appreciation of the euro, European exports also suffered."
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Unread postby khebab » Thu 07 Apr 2005, 08:55:47

$this->bbcode_second_pass_quote('', 'T')he likelihood of slower growth means policy makers must move quickly to reduce budget deficits, and developing counties must prepare for rising interest rates and reduce debt levels. Countries that haven't taken advantage of recent economic growth to reduce their debt will probably face financial difficulties as economic conditions worsen, the World Bank said.


It sounds a lot like the US!
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Unread postby RonMN » Thu 07 Apr 2005, 09:46:37

Funny...i said the same thing as the world bank & i was branded a scare monger :)
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