World Bank forecasts U.S. economic recession, the global economic slowdown 08.

<P>: Http://finance. News, 9, released by the World Bank "Global Economic Prospects 2008" report that the U.S. and other developed countries the impact of cooling economic growth, world economic growth will slow down the world in 2007 .3.6% economic growth this year will be reduced to 3.3%. .Report that this year the global economy is facing a depreciation of the dollar, U.S. recession and financial market volatility and other risks. .While developing countries will face a reduction of exports and foreign investment inflows and the dollar depreciation risk investment tools, and its foreign exchange reserves accumulated over the years and other financial "buffer" will face a huge impact. .</ P> <P> U.S. economic rebound this year to 1.9% next year </ P> <P> report pointed out that the U.S. subprime mortgage crisis triggered by the global financial market turmoil although the economy has suffered serious losses for some, but still can be .control range. .2009 is expected to rebound in the U.S. economy, which is expected to make the year the world economy grew by 3.9%. .</ P> <P> reported that the last two years, the U.S. economic situation is not optimistic. .Reported that U.S. economic growth was 2.9% in 2006, then fell in 2007 to 2.2%, 1.9% is expected this year, but 2009 is expected to reach 2.3%. .U.S. economic downturn and the subprime crisis also dragged down other developed economies. .World Bank's report predicts that Japan's economic growth rate last year and this year will be 2.0% and 1.8%, the euro zone was 2.7% and 2.1%, lower than 2006 levels. .</ P> <P> report also noted that developing countries economic growth momentum remained strong, offsetting weakness in developed economies, the impact of the world economy. .The report predicts economic growth of developing countries in 2007 was 7.4%, compared to 7.1% this year. .</ P> <P> in developing countries, China and India was the most prominent. .The report predicts that China's economic growth rate last year and this year will be 11.3% and 10.8%, India 9.0% and 8.4%. .The report also is expected in 2009 China and India will continue to maintain rapid economic development, growth rates were 10.5% and 8.5%. .</ P> <P> The report also pointed out that world economic growth still faces many challenges. .If the U.S. economy into recession, will lead to the decline in exports of developing countries, thereby affecting their economic development. .In addition, further depreciation of the dollar in world trade and will impact on financial stability. .</ P> <P> inflationary pressures are quite different in developing countries </ P> <P> report said inflationary pressures in 2007 generally in developed countries, state control, and inflation in developing countries the situation is there is a big .differences. .</ P> <P> According to World Bank estimates, average consumer prices in developed countries in 2007 or 1.8%, 5.9% average growth in developing countries. .</ P> <P> report said inflationary pressures under control last year, the state developed, the central bank to ease monetary policy for countries to provide space. .Among them, the Fed may be due to a recession in the U.S. economy worries over rising concerns of inflation, which since last September cut its benchmark interest rate 3 times since, from the original 5.25% to 4.25%. .</ P> <P> Japan, in view of the Japanese economy has not fully out of deflation, the Bank of Japan in February last year benchmark interest rate from 0.25% to 0.5%, has been to maintain the level of interest rates is not .change, the possibility of tightening this year is not great. .</ P> <P> Furthermore, the eurozone inflation rate has been set by the ECB target ceiling near the volatile and the recent upward trend is more evident. .However, given the economic slowdown in Europe and the continuing appreciation of the euro and other factors, expected the European Central Bank will continue to maintain the current 4% of the leading interest rates unchanged. .</ P> <P> compared with developed countries, developing countries, more significant differences in inflation. .Among them, the Middle East, North Africa and sub-Saharan Africa has increased inflationary pressures, and East Asia, South Asia, Latin America, Central Asia and other regions although the level of inflation volatility, but overall has stabilized..