No growth boost from developing economies says World Bank
In the years immediately following the global financial crisis of
2008, the claim was frequently advanced that, while the major capitalist
economies were severely impacted, the so-called developing economies
would provide a new base for world growth.
This upbeat assessment
has looked increasingly fragile in the recent period. It has now been
officially buried in the latest report on the global economy released by
the World Bank yesterday.
