04/08/2009 05:12 am ET Updated May 25, 2011

World Bank Says Global Economy Will Shrink In 2009

In a bleaker assessment than those of most private forecasters, the World Bank also predicted that the global economy would shrink in 2009 for the first time since World War II. The bank did not provide a specific estimate, but bank officials said its economists would be publishing one in the next several weeks.

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