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World Bank predicts -2.9% growth. Worsens forecasts.

June 23, 2009

Bloomberg reports, “The world economy will contract 2.9 percent, compared with a previous forecast of a 1.7 percent decline, the Washington- based lender said in a report today. Growth will be 2 percent next year, down from a 2.3 percent prediction, the bank said. “

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capacious June 27, 2009

2% growth will mean (non-fat) in order for that prediction to
come true. The World Bank is way too big to be collectively effective.

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