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MENAFN - 20/11/2009
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(MENAFN) World Bank President, Robert Zoellick, said that worldwide economy is witnessing signs of recovery, but the process of recovery would be gradual and risky, Reuters reported.

Zoellick noted that unemployment is high and is likely to continue this way. He said that the second half of 2010 would be the defining moment when public stimulus decreases and the private sector will have to support the economy again.

He advised that governments should have made sure that the stimulus plans and the added central bank liquidity did not just end up flowing into commodity markets, especially raising prices for food and fuel, which can undermine the most vulnerable at a particularly sensitive time.

 




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