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GDP grew by annual 0.4 pct in Q4: MP

By Reuters CAIRO: Egypt’s economy grew by an annualized 0.4 percent in the fourth quarter of 2011, indicating the economy is on the mend after the turmoil of last year’s popular uprising, the deputy chairman of parliament’s economic committee said, citing official figures. “The slowdown in the growth rate has been contained, and that is …

DNE

World Bank slashes global GDP forecasts, outlook grim

BEIJING/WASHINGTON: The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe …

DNE

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