Wilson PonThe Overall Economy Growth is Below the Expectation!
September 15th 2009 18:08
The first half of 2009 is already finished, but the economic downturn is still haven’t reach its bottom yet. According to the prediction from World Bank, the overall economy growths of developing countries are slightly over 1% this year! Honestly, it is the worse situation ever, if it compared with 5.9% in 2008 and 8.1% in 2007!
The unemployment rate is skyrocketing, especially in the poorest countries, as many workers have been losing their jobs, due to the close down of factories or the bankruptcy of companies.
The World Bank also pointed out that the net private capital inflows have already dropped from US$1.2 trillion in 2008 to US$ 707 billion this year, which is about 70% of shrunk!
The bank informed that the inflow into the poorest countries in 2009 might be around US$363 billion or even less!
Meanwhile, some economists are optimistic about the economy growth rate of developing countries. They predicted that the worldwide economy growth rate might reach 4.4% by 2010!
Note: Photo thanks to garyhaq.
The unemployment rate is skyrocketing, especially in the poorest countries, as many workers have been losing their jobs, due to the close down of factories or the bankruptcy of companies.
The World Bank also pointed out that the net private capital inflows have already dropped from US$1.2 trillion in 2008 to US$ 707 billion this year, which is about 70% of shrunk!
The bank informed that the inflow into the poorest countries in 2009 might be around US$363 billion or even less!
Meanwhile, some economists are optimistic about the economy growth rate of developing countries. They predicted that the worldwide economy growth rate might reach 4.4% by 2010!
Note: Photo thanks to garyhaq.
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