That's the warning given by World Bank chief Robert Zoellick about the global economy on Saturday in Australia.
Zoellick said the eurozone's sovereign debt issues were more troubling than the "medium and long-term" problems which saw the United States downgraded by Standard and Poor's last week, sending global markets into panic.
"We are in the early moments of a new and different storm, it's not the same as 2008," said Zoellick, referring to the global financial crisis.
More of this article here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment