India Ink: India Should Plan For A Major Economic Slowdown, World Bank Says

January 18, 2012, 8:48 am By THE NEW YORK TIMES

The World Bank predicts economies in developing nations will grow an average of 5.4 percent this year, as investors continue to flee emerging markets and domestic monetary policy tightens, Annie Lowrey writes in The New York Times today. In June, the World Bank predicted developing countries would grow 6.2 percent.

Andrew Burns, head of global macroeconomics at the World Bank and the main author of the report, said the two trends create a ?dangerous dynamic,? with the slowdown in emerging economies sapping growth from advanced economies, and the downturn in advanced economies worsening prospects for emerging markets. ?The events are feeding off of one another,? he said. Read more ?

Source: http://feeds.nytimes.com/click.phdo?i=64a7a760b6a392954a5a68a4ee2d0549

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