World Bank cautions on global economic prospects

 Washington, 10 June-(ANA)-The global economic recovery continues to

advance, but Europe’s debt crisis has created new hurdles on the road to

sustainable medium term growth,  the World Bank’s latest Global

Economic Prospects 2010 has warned.

The  Bank projects global GDP to expand between 2.9 and 3.3 percent in

2010 and 2011, strengthening to between 3.2 and 3.5 percent in 2012, reversing

the 2.1 percent decline in 2009.

 Developing economies are expected to grow between 5.7 and 6.2 percent each year from 2010-2012.

High-income countries, however, are projected to grow by between 2.1 and 2.3 percent in 2010—not

enough to undo the 3.3 percent contraction in 2009—followed by between 1.9 and 2.4 percent growth in 2011. (ANA)

FA/ANA/10 June 2010--------