"Fears for the global economy increased yesterday after Robert Zoellick, head of the World Bank, warned that we were entering a “new danger zone” as confidence plunged, global growth slowed and nations were crippled with debt.
“The financial crisis in Europe has become a sovereign debt crisis, with serious implications for the monetary union, banks, and competitiveness of some countries,” Mr Zoellick said at a conference in Beijing.
“The United States must address the issues of debt, spending, tax reform to boost private sector growth and a stalled trade policy,” Mr Zoellick added. “The world economy is entering a new danger zone this autumn"...............READ MORE
No comments:
Post a Comment