The World Bank says economic slowdowns in industrial nations coupled with soaring prices for energy and foodstuffs will dent recent growth in developing countries this German Nudist Flight Scrapped ...
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Deutsche Bank posts first qtly.
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Deutsche expects $3.9bn writedown ... year, especially growth rates in Latin America and East Asia. China's growth rate is likely will shrink by a quarter to 9 percent. Until recently, the World Bank had forecast that developing economies could escape the worst. The bank says the doubling in prices for food staples since 2005 is a major worry. And, it warns that countries with large borrowings are particularly vulnerable. The United States' own trade deficit soared in April. At 61 billion dollars, it's the largest monthly deficit since September of 2005. Meanwhile, the International Energy Agency says although the dollar price of oil is at record levels in real terms it's lower than in the 1980s.
(Deutsche Welle)
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