Developing countries should not be tempted to stimulate their economies this year in the face of weak growth, the World Bank warns today even though the world faces another challenging year.
In forecasts that suggest 2013 will see only marginally stronger growth than last year, the Bank recommends that poor and middle-income countries concentrate on fundamental drivers of prosperity rather than attempt a quick fix.
The warning comes as growth rates in large emerging economies including Brazil, Russia and India slowed sharply last year.
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