World Bank Cuts Economic Outlook, Says Europe Is In Recession, Warns Developing Economies To “Prepare For The Worst”

by Tyler Durden
ZeroHedge.com
01/17/2012

This will hardly be a surprise to anyone with 3 neurons to rub across their frontal lobe, but at least it is now official.

WORLD BANK CUTS GLOBAL GROWTH OUTLOOK, SEES EURO-AREA RECESSION

And the punchline:

World Bank urges developing economies to “prepare for the worst” as it sees risk for European turmoil to turn into global financial crisis reminiscent of 2008

Even achieving much weaker outcomes is very uncertain

The Rest…HERE

This entry was posted on Wednesday, January 18th, 2012 at 1:32 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.