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World Bank, said his side held, global economy will shrink in 2009, for the first time since World War 2.

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A Yank at Oxford hd In the paper announced on Sunday, the World Bank, said the alleged trade will go down in the biggest amount in 80 years, with the sharp decline occurred in Asia.

The report said, global financial crisis will make the poorest countries and growing income decreased the billions of dollars.

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It is said, only one of four developing countries will be able to cope with the impact of the economic crisis with the creation of employment and social security network program.

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But Haruhiko Kuroda, President of the Asian Development Bank said in a report the bank, he was confident Asia will become one of the first areas that rise from the crisis, and become stronger than before.

This entry was posted on Tuesday, March 24th, 2009 at 2:39 am and is filed under financial news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.