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First time since World War II :
Global economy to shrink in 2009
The World Bank said on Sunday that the global
economy will shrink in 2009 for the first time since World War Two
and estimated developing countries face a financing shortfall of
270-700 billion dollars this year.
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India’s growth due to younger population
Indian billionaire Mukesh Ambani Sunday
expressed confidence over India’s continuing growth in the 21st
century, as the Indian population is comparatively younger, a report
by the semi-official Press Trust of India said Sunday.
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China says crisis also means opportunity
Chinese President Hu Jintao said the current
international economic crisis might also mean an opportunity for
changing the country's development patterns and implementing
structural adjustments.
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