World Bank predicts global economy will shrink this year for first time since World War II
The World Bank predicts the global economy will shrink this year for the first time since World War II, and sees trade at its lowest point in 80 years.
The World Bank said on Sunday that the global economy will shrink in 2009 for the first time since World War Two and estimated developing countries face a financing shortfall of 270-700 billion dollars this year.