Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Zoellick: World economy remains in danger
+ -
08:57, July 07, 2009

 Related News
 Zoellick: Millennium Development Goals unlikely to be met
 Zoellick says China, rising economies to be "fairly, fully represented" in World Bank, IMF shares
 Zoellick: Globalization offers tremendous benefits
 World Bank chief to visit Asia-Pacific nations
 Comment  Tell A Friend
 Print Format  Save Article
The world economy is still in danger despite recent positive signs, World Bank President Robert Zoellick said Monday.

"The actions you and other leaders have taken over the last few months have broken the fall in the global economy by stabilizing financial markets and boosting demand," Zoellick said in a letter to the Group of Eight summit scheduled to held later this week.

"Yet 2009 remains a dangerous year. Recent gains could be reversed easily, and the pace of recovery in 2010 far from certain. I recognize that some developed countries are now considering a policy mix that assumes the recovery is at hand.

But for the developing world, it is far too early to think of such measures," he wrote.

Zoellick called for more help for developing countries, and said that the needs of the poorest should not be forgotten in the crisis.

He said the global economic crisis is not of the developing world's making. Yet it is suffering. The struggles may intensify as developing countries are hit by multiple waves of misfortunes.

Zoellick urged the G8 leaders to focus on three priorities in the near term, including follow up the G-20's promise to restore growth and lending in their own economies.


  Your Message:   Most Commented:
India's unwise military moves
Veiled threat or good neighbor?
13 more bodies from Air France flight 447 recovered
To Be or Not To Be-- reflourishing bicycle in China
Cambodia FM: Thailand threatens Cambodia and UNESCO over Preah Vihear temple

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved