World Bank president Robert Zoellick warns untamed U.S. unemployment could trigger loan defaults...

|By:, SA News Editor

World Bank president Robert Zoellick warns untamed U.S. unemployment could trigger loan defaults and drag on consumption, hobbling a nascent recovery. "You're going to have problems with delinquencies of credit card loans, consumer loans, people won't be able to pay their mortgages," he told reporters in Singapore. While Zoellick concedes government spending will fuel growth through the middle of 2010, he's worried what happens afterward.