However, Wednesday saw the World Bank revise downward its global growth forecast for 2012, adding that the world is playing an economic balancing act right now, a house of cards that could tumble at any given moment.
Not exactly the most uplifting of words at a time when the global economy needs more bad news like a guy with a broken leg needs to a kick in the shin. The worst-case-scenario offered by the World Bank has four euro-zone countries suffering financial freezing, causing growth to shrink more than it already is doing. Awesome, huh?
According to Market Watch, the bank’s latest global growth forecast for 2012 is 5.4 percent for developing countries, down from 6.2 percent as previously projected, 1.4 percent for high income countries down from 2.7 percent.
