World Bank, Zoellick: no recession for the US, only uncertainty

6 September 2011, 8:43 | di FIRSTonline editorial team | 0

According to the American banker, who spoke today from Singapore, despite the latest negative economic data and the turbulent phase experienced by the stock markets, "it is more probable that the US will head towards a period of slow growth".

World Bank, Zoellick: no recession for the US, only uncertainty

"I don't think the US and the world will fall back into recession, but there are high levels of uncertainty." This is the opinion of Robert Zoellick, president of the World Bank, who spoke this morning during an international conference in Singapore. According to the American economist, despite the latest negative economic data and the turbulent phase experienced by the stock markets, "the US is more likely to head towards a period of slow growth".

FIRSTonline editorial team

FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.