World Bank warns of further crisis since the recent world economic conditions are being sloped.
The existence of protectionist and populist policies in developing countries could be increased provided that the countries could face the shock of the debt crisis in Europe and economic recovery in the United States (U.S.).
World Bank President Robert Zoellick said, will be another crisis that was established at the time budgets of developing countries many of which have not fully recovered from the financial storm of 2008, thereby increasing their fiscal burden.
more than half the budgets of developing countries deteriorated two percent of gross domestic product (GDP) since 2007. As well as more than 40 percent of developing countries have a deficit of more than four percent of GDP.
With the pressures and the prospect of this, the world should anticipate a minimum protectionist pressures.
Nevertheless, developed countries can avoid recession Double-Dip. Developing countries, has been growing and more resilient to face shocks krisisi over the past decade and are in a better position to withstand another crisis.
The biggest impact for the poorest countries will be felt through the decline in global demand, which will affect trade and commodity prices.
Zoellick said that as much as $ 6, 1 trillion has been digelontorkan globally in the stock market that declined over the past few months, which is equivalent to 10 percent of global GDP.
A meeting of financial leaders of the economy, like China, India, Russia, South Africa, and Brazil called for decisive action by developed countries to overcome their economic decline.