SubscribeAsian Session: Commodity Prices in Decline
June 23rd, 2009 • Related • Filed Under
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The sharp drop in risk appetite has been attributed to the World Bank’s cut in its growth forecast. Yesterday the World Bank downgraded revisions to global growth predicting a contraction of 2.9% was significantly below the 1.7% forecasted in March. In addition the World Bank warned that it envisioned a deeper global economic recession this year and called for ‘bold’ policies and further… | ||||||||||||||||||||
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