Grim growth forecast from World Bank

The World Bank has sharply cut its global economic growth expectations to just 2.5 percent this year and said Europe is probably already in recession. In its latest forecasts the Bank warned developing countries that they should prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump similar to the global downturn in 2008/09. ... http://www.euronews.net/