World Bank Warns that Global Recession Eminent, 1/20/2012

World Bank Warns that Global Recession Eminent, 1/20/2012






January 20, 2012


The World Bank has finally caught up with all of our respected sources here at EFG-BN. The world stands at the cliff of a new global recession. CNN Money reports the following on the new article from Chris Isidore, CNN Money. - EFG-BN



Summary:


NEW YORK (CNNMoney) -- The World Bank Wednesday slashed its 2012 growth forecasts for both emerging and developing economies from its estimates of only six months ago, and warned the world is on the cusp of a new global recession that could be as bad as the crisis four years ago. (Read the Article)

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