Category Archives: Global Economy

World Bank warns emerging nations to prepare for slump

The World Bank warned developing countries on Wednesday to prepare for the “real” risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe was [...]

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Euro drops to 16-month low over bank concerns

Source The euro has dropped to its lowest rate against the dollar and pound in 16 months, as concerns continue over the health of Europe’s banks. The euro fell as low as $1.2780 against the dollar and was at an 11-year low versus the yen. Against the pound, it fell to 82.52p, the lowest since [...]

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