“Pattern of disappointing results”: World Bank: Financial crisis not yet digested – n-tv.de NEWS

"Pattern of disappointing results": World Bank: Financial crisis not yet digested – n-tv.de NEWS

business
 

 Tuesday, January 13, 2015

 
 
 

 
 Also, more than six years after the outbreak of the financial crisis, the global economy suffers the consequences. Global growth will therefore be only moderate in the coming years, according to the World Bank.
 

 

The global economy has not fully recovered after World Bank estimates of the impact of the financial crisis. For the current year included the development aid organization based in Washington with a moderate growth of three percent. By 2017, global growth from 3 to 3.3 percent will level off, says the newly released World Economic Outlook.

In the two years prior to the crisis, the global economy was still 4 percent (2006) and 3 , 7 per cent (2007) grew. Your estimate for the past year had to correct again down the World Bank. 2014 had the world economy thus increased by 2.6 percent, above economists were still forecasting 2.8 percent. Thus, put a “pattern of disappointing results” continued, it said. “The risks of this slow global recovery are significant and tend to bottom,” write the economists.

United States and Britain are good because

From recovery in the labor markets and loose monetary policy central banks benefited particularly the US and the UK, while it only reluctantly went ahead in the euro zone and Japan. “If the euro area and Japan slip into a prolonged recession or deflation, the global trade could still continue to weaken,” warned the World Bank in the report. In China, slowing the growth tempo.

More about

Falling commodity prices, low interest rates and a weak global trade are likely to make this year the growth noticeable. The sharp decline in oil prices since mid-2014 will indeed give the world economy a boost at the same time weaken the growth in oil-exporting countries, however. Obstacles to investment would have to be cut worldwide, vein, World Bank President Jim Yong Kim. “The private sector is by far the largest source of jobs that can deliver hundreds of millions of people out of poverty.”

For developing countries, the World Bank said growth of 4.8 percent advance by 4.4 percent last year. “In this uncertain economic climate, developing countries need to use their resources wisely”, warned Kim, and encouraged the countries to appropriate social programs for poor people.

  Source: n-tv.de