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World Bank: emerging countries over the economic crisis


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09/06/2011

BAGHDAD, Iraq -

Considered the World Bank had been overcome economic crisis in the States Nacipotaktiha challenges they face from now on, especially to maintain stable growth and control inflation, especially the products of the initial requirements.

He suggested the World Bank in global economic forecast, published in Washington, said the declining rate of growth in the emerging world of 7.3 percent in the year 2010 "by about 6.3 percent each year in the period between 2011 and 2013."

Despite this slowdown, developing countries over the crisis and is expected to keep its economy more dynamic economy of the developed countries of the Organization for Economic Cooperation and Development is not expected to exceed growth of 2.1 percent in 2011 (after 2.6 percent in 2010) and 2.6 percent in 2012 and 2,5 Palmipaam 2013 as the World Bank said.

At the global level, the growth of gross domestic product is expected to slow to reach the rate of 3.2 percent in 2011 versus 3.8 percent in 2010, but will return to 3.6 percent in 2012 and 2013 according to World Bank figures. And saw the World Bank that the consequences of an earthquake March 11 in Japan and political unrest in the Arab world "has weakened to a large extent the growth of countries involved, but the consequences for other economies is expected to be modest." The report went on "developing countries in the Middle East and North Africa will be the weakest growth rate in Egypt 1 percent, Tunisia 1.5 percent, and Libya this year without give specific estimates of them due to the lack of reliable information in this regard. "In Egypt and Tunisia even if the economic outlook is still not definite, the pace of economic activity is expected to accelerate in 2012 and reach growth to nearly 5 percent in 2013."

The report said "while the folds the page of the financial crisis, developing countries should work to face several challenges: to reach a balanced growth through the application of structural reforms and adjust the inflation pressure and meet the cost of basic materials." The World Bank warned that "continued high oil prices and materials food, mainly high and that can greatly inhibits economic growth and increases the burdens of the poor. "

Andrew Burns and felt prepared for the President to the World Bank report that "the financial crisis ended in the majority of developing countries." "It is now appropriate to return the monetary policy to a more neutral and the restructuring of factors set the budget that allowed for developing countries cope with the crisis."

, The bank pointed to the dangers of excessive economic activity, particularly in Asia and Latin America.

Said Hans Timmer, director of the group that "measures relating to monetary policy, taken as a result of that, but must resort to extra budgetary policy and exchange rate policy to control inflation."

http://www.alsabaah.com/ArticleShow.aspx?ID=8980

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