LONDON, March 12 The global economy could
contract by 1-2 percent this year in the toughest environment
since the 1930s, World Bank President Robert Zoellick told the
Daily Mail newspaper.
"My guess is that growth will probably fall about 1 to 2
percent," he told the paper in its Thursday edition.
"We haven't seen numbers like that since World War Two,
which really means the Thirties. So these are serious and
"Trade will probably fall by the greatest amount in 80
years," Zoellick was quoted as saying.
The head of the International Monetary Fund said on
Wednesday the global economy would be gripped by a "Great
Recession" in 2009, and contract.
(Reporting by Christina Fincher, Editing by Liz Piper)