World Bank makes predictions for global economy
<p><span word="The">The</span> <span word="World">World</span> <span word="Bank">Bank</span> <span word="released">released</span> <span word="its">its</span> <span word="Global">Global</span> <span word="Economic">Economic</span> <span word="Prospects">Prospects</span> <span word="report">report</span> <span word="this">this</span> <span word="week">week</span>. <span word="World">World</span> <span word="Bank">Bank</span> <span word="experts">experts</span> <span word="are">are</span> <span word="using">using</span> <span word="the">the</span> <span word="words">words</span> “<span word="fragile">fragile</span>” <span word="and">and</span> “<span word="uncertain">uncertain</span>” <span word="to">to</span> <span word="describe">describe</span> <span word="the">the</span> <span word="economic">economic</span> <span word="recovery">recovery</span> <span word="this">this</span> <span word="year">year</span>.</p><p><span word="The">The</span> <span word="report">report</span> <span word="predicts">predicts</span> <span word="the">the</span> <span word="international">international</span> <span word="economy">economy</span> <span word="will">will</span> <span word="grow">grow</span> <span word="a">a</span> <span word="little">little</span> <span word="over">over</span> <span word="two">two</span> <span word="percent">percent</span> <span word="in">in</span> 2013. <span word="Slightly">Slightly</span> <span word="greater">greater</span> <span word="economic">economic</span> <span word="expansion">expansion</span> <span word="is">is</span> <span word="expected">expected</span> <span word="in">in</span> 2014 <span word="and">and</span> 2015.</p><p><span word="Predictions">Predictions</span> <span word="of">of</span> <span word="limited">limited</span> <span word="growth">growth</span> <span word="have">have</span> <span word="become">become</span> <span word="familiar">familiar</span> <span word="since">since</span> <span word="the">the</span> <span word="financial">financial</span> <span word="crisis">crisis</span> <span word="four">four</span> <span word="years">years</span> <span word="ago">ago</span>. <span word="Wealthy">Wealthy</span> <span word="countries">countries</span> <span word="are">are</span> <span word="expected">expected</span> <span word="to">to</span> <span word="have">have</span> <span word="slower">slower</span> <span word="growth">growth</span> <span word="than">than</span> <span word="developing">developing</span> <span word="ones">ones</span> <span word="as">as</span> <span word="they">they</span> <span word="deal">deal</span> <span word="with">with</span> <span word="larger">larger</span> <span word="amounts">amounts</span> <span word="of">of</span> <span word="debt">debt</span> <span word="and">and</span> <span word="big">big</span> <span word="budget">budget</span> <span word="deficits">deficits</span>.</p><p><span word="World">World</span> <span word="Bank">Bank</span> <span word="President">President</span> <span word="Jim">Jim</span> <span word="Yong">Yong</span> <span word="Kim">Kim</span> <span word="is">is</span> <span word="urging">urging</span> <span word="developing">developing</span> <span word="countries">countries</span> <span word="to">to</span> <span word="become">become</span> <span word="drivers">drivers</span> <span word="of">of</span> <span word="growth">growth</span>. <span word="But">But</span> <span word="he">he</span> <span word="notes">notes</span> <span word="that">that</span> <span word="it">it</span> <span word="was">was</span> <span word="important">important</span> <span word="to">to</span> <span word="build">build</span> <span word="a">a</span> <span word="foundation">foundation</span> <span word="for">for</span> <span word="growth">growth</span> <span word="that">that</span> <span word="can">can</span> <span word="last">last</span> <span word="over">over</span> <span word="time">time</span>.</p><p><span word="He">He</span> <span word="said">said</span>, “<span word="What">What</span> <span word="we">we</span> <span word="are">are</span> <span word="suggesting">suggesting</span> <span word="is">is</span> <span word="that">that</span> <span word="we">we</span> <span word="cannot">cannot</span> <span word="wait">wait</span> <span word="for">for</span> <span word="the">the</span> <span word="return">return</span> <span word="growth">growth</span> <span word="in">in</span> <span word="the">the</span> <span word="high">high</span> <span word="income">income</span> <span word="countries">countries</span>. <span word="We">We</span> <span word="really">really</span> <span word="need">need</span> <span word="developing">developing</span> <span word="countries">countries</span> <span word="to">to</span> <span word="think">think</span> <span word="about">about</span> <span word="setting">setting</span> <span word="the">the</span> <span word="stage">stage</span> <span word="for">for</span> <span word="medium">medium</span>- <span word="and">and</span> <span word="long">long</span>-<span word="term">term</span> <span word="growth">growth</span>. <span word="We">We</span> <span word="have">have</span> <span word="to">to</span> <span word="continue">continue</span> <span word="to">to</span> <span word="support">support</span> <span word="developing">developing</span> <span word="countries">countries</span> <span word="in">in</span> <span word="making">making</span> <span word="investments">investments</span> <span word="in">in</span> <span word="infrastructure">infrastructure</span>, <span word="in">in</span> <span word="health">health</span>, <span word="in">in</span> <span word="education">education</span>.”</p><p><span word="Andrew">Andrew</span> <span word="Burns">Burns</span> <span word="is">is</span> <span word="lead">lead</span> <span word="author">author</span> <span word="of">of</span> <span word="the">the</span> <span word="report">report</span>. <span word="He">He</span> <span word="says">says</span> <span word="it">it</span> <span word="is">is</span> <span word="not">not</span> <span word="only">only</span> <span word="important">important</span> <span word="to">to</span> <span word="build">build</span> <span word="roads">roads</span> <span word="and">and</span> <span word="bridges">bridges</span>, <span word="but">but</span> <span word="to">to</span> <span word="invest">invest</span> <span word="money">money</span> <span word="in">in</span> <span word="health">health</span> <span word="care">care</span> <span word="and">and</span> <span word="effort">effort</span> <span word="in">in</span> <span word="government">government</span> <span word="reforms">reforms</span>. <span word="Some">Some</span> <span word="high">high</span>-<span word="growth">growth</span> <span word="developing">developing</span> <span word="countries">countries</span>, <span word="such">such</span> <span word="as">as</span> <span word="China">China</span>, <span word="are">are</span> <span word="spending">spending</span> <span word="a">a</span> <span word="lot">lot</span> <span word="on">on</span> <span word="public">public</span> <span word="works">works</span> <span word="projects">projects</span>, <span word="but">but</span> <span word="spend">spend</span> <span word="little">little</span> <span word="on">on</span> <span word="health">health</span> <span word="care">care</span>.</p><p><span word="The">The</span> <span word="report">report</span> <span word="notes">notes</span> <span word="the">the</span> <span word="threat">threat</span> <span word="of">of</span> <span word="European">European</span> <span word="nations">nations</span> <span word="failing">failing</span> <span word="to">to</span> <span word="make">make</span> <span word="debt">debt</span> <span word="payments">payments</span> <span word="has">has</span> <span word="eased">eased</span>. <span word="The">The</span> <span word="World">World</span> <span word="Bank">Bank</span> <span word="President">President</span> <span word="says">says</span> <span word="Europe">Europe</span> <span word="and">and</span> <span word="America">America</span> <span word="have">have</span> <span word="approved">approved</span> <span word="some">some</span> <span word="measures">measures</span> <span word="to">to</span> <span word="deal">deal</span> <span word="with">with</span> <span word="economic">economic</span> <span word="weakness">weakness</span>. <span word="But">But</span> <span word="financial">financial</span> <span word="policy">policy</span> <span word="remains">remains</span> <span word="a">a</span> <span word="work">work</span> <span word="in">in</span> <span word="progress">progress</span>.</p>
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