>>>>>WORLD BANK URGES SPENDING CUTS FOR EMERGING MARKET ECONOMIES
Emerging-market economies, growing almost three times as fast as their developed counterparts, need to speed spending cuts and interest-rate increases as they fight inflation and overheating, the World Bank has said.
The Washington-based institution lowered its growth forecast for the world economy this year to 3.2 percent from a January estimate of 3.3 percent to reflectthe Japan earthquake and political unrest in the Middle East and North Africa.
Developing countries have put the crisis-fighting stage of the recovery behind them," Andrew Burns, the World Banks manager of global macro-economics, said Tuesday. "They now need to be reorienting themselves toward establishing the conditions that are going to allow them to have strong growth in years to come." (bloomberg)
Sumber: The Jakarta Post
Emerging-market economies, growing almost three times as fast as their developed counterparts, need to speed spending cuts and interest-rate increases as they fight inflation and overheating, the World Bank has said.
The Washington-based institution lowered its growth forecast for the world economy this year to 3.2 percent from a January estimate of 3.3 percent to reflectthe Japan earthquake and political unrest in the Middle East and North Africa.
Developing countries have put the crisis-fighting stage of the recovery behind them," Andrew Burns, the World Banks manager of global macro-economics, said Tuesday. "They now need to be reorienting themselves toward establishing the conditions that are going to allow them to have strong growth in years to come." (bloomberg)
Sumber: The Jakarta Post