STOCKHOLM Dec 11 World Bank President Jim Yong
Kim said on Tuesday he expected crisis-hit Europe to return to
growth soon and the United States to forge a deficit reduction
deal without damaging the economy.
Kim, visiting the region for meetings with Nordic and Baltic
ministers, said Europe had taken important steps toward
resolving its long-standing sovereign debt crisis.
"I think the progress that has been made is very real and I
expect the reforms to continue and that we will get back to
growth in the near future," he told a news conference.
"I also think a lot of the fundamentals are in place in the
United States. We remain hopeful that the discussions around the
fiscal cliff will be resolved soon and not slow down the growth
that we are already seeing." Kim said he was "encouraged" by
economic developments in Africa and Latin America.