World Bank: Developing nations face weak growth

BBC – Developing nations should brace themselves for weak growth and “tougher times”, the World Bank has warned. It said that there may be “a long period of volatility in the global economy” as the eurozone debt crisis escalates. The bank forecast that developing economies will grow by 5.3% this year, down from 6.1% in 2011. It urged policymakers to take adequate long-term measures to ensure that they can sustain growth. Read Article