World Bank President Robert Zoellick warned today of the consequences of an expected steep decline in economic growth across the world this year.
"I think 2009 is going to be a very dangerous year," Zoellick told a conference in Brussels, citing World Bank forecasts of a spike in infant mortality associated with the economic crisis, and a fall-off in world trade.
Zoellick proposed that the Group of 20 major and emerging economies -- whose leaders are due to meet in London next month -- establish a review process to see whether further stimulus measures would be needed to kickstart recovery.