World Bank: 2009 will be grim

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The world economy is expected to have a tough year in 2009 with the major World economies in recession, according to the World Bank. The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year from 2.5 percent in 2008. The report said that a long and deep global recession cannot be ruled out.Deborah Lutterbeck reports.

Tags: world economy, global recession, World Bank, world growth

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