Financial Crisis Appears to be Over - World Bank

The World Bank estimates global gross domestic product grew 2.3 percent in 2012 and that growth in the current year will remain mostly unchanged at 2.4 percent

The World Bank estimates global gross domestic product (GDP) grew 2.3 percent in 2012, and it projected GDP growth in the current year to remain mostly unchanged at 2.4 percent.

In its report ‘Global Economic Prospects’, the bank notes that although the global economy remains fragile, the worst of the global financial crisis appears to be over.

Meanwhile, growth among developing countries is projected to be 5.5 percent in 2013 and 1.3 percent in high-income countries.

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Source: 
Sowetan Live

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