15 Aug '11, 12pm

World Bank head warns markets heading to new danger zone

World Bank head warns markets heading to new danger zone

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said. -- PHOTO: AFP SYDNEY (Reuters) - The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday. Speaking at the Asia Society dinner in Sydney, Robert Zoellick also said the global economy was going through a multi-speed recovery, with developing countries now the source of growth and opportunity. 'What's happened in the past couple of weeks is there is a convergence of some events in Eur...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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