World economic growth seen at 1 pct in '09

Reuters
Posted: Monday, Dec 01, 2008 at 1444 hrs IST
Updated: Monday, Dec 01, 2008 at 1444 hrs IST

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Doha : at the end of 2008.

The cost of external borrowing has since risen sharply for developing countries. Stock markets have dropped, while currency and commodity markets have become extremely volatile, the report says. Along with rapidly decelerating export growth, current account balances of many countries have shifted into the red.

"To ensure sufficient stimulus at the global level, it will be desirable to coordinate the fiscal stimulus packages internationally," the report said....

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