Summary
BEIJING -- The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty.
"The global recession has deepened," the Washington-based multilateral lender said in a report.See the full content of this document
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World Bank Cuts 2009 Growth Forecast
The surprisingly bleak forecast for the world economy pushed U.S. stocks to their biggest loss in two months.
Major stock indexes tumbled by more than 2 percent Monday, s...See the full content of this document
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