The World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls “sustainable, growth-oriented policies.” The dramatic document is titled “Failing Long-Term Growth Prospects.”
By Gwynne Dyer - Good things come in threes, but so do bad things. Especially in economies. The financial crisis everybody has been waiting for is a hard landing of the Chinese economy, the world's second-biggest. It now seems to have arrived, though the Chinese government is still denying it.
Brazilian President Dilma Rouseff on Monday the country is ready to face the world’s economic crisis and reiterated Brazil’s prognosis as the world’s fifth economy.