George Liu's  Instablog

The World Bank urges developing countries to strengthen buffers and cushions against a potentially long period of volatility in the global economy through such methods as reducing fiscal deficits and bringing policy to a "neutral stance." The World Bank estimates that developing country growth will slow to a relatively weak 5.3 percent in 2012, before strengthening somewhat to 5.9 percent in 2013 and 6.0 percent in 2014. Also, the World Bank notes that Central Asia and Developing Europe are the most vulnerable to the effects of the ongoing European sovereign debt crisis.