Presumably, the World Bank serves as the international lender for struggling, developing nations. The bank lends money to nations in need of infrastructure enhancements and economic growth. The goal is sustainable improvement in the standard of living for citizens in developing nations.
Today, the bank delivered a knee-bucking report on the health of the global economy. The global economy will shrink by 2.9% during 2009, according to the bank.
The carnage is not isolated but extends across the entire globe. Overall, global investment dropped by nearly 40% over the past year. Scary.
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