Asia told to prepare for new global recession | Connect Asia

Asia told to prepare for new global recession

Asia told to prepare for new global recession

Posted 19 January 2012, 12:34 AEDT

The World Bank is warning developing countries to begin preparing for another global economic shock, maybe even worse that the Global Economic Crisis of 2009.

It says the debt crisis in Europe and weakening growth in several major emerging economies are dimming global growth prospects. The impact will be felt right across Asia, with growth forecasts downgraded for China and India, among others.

Presenter: Liam Cochrane

Speakers: Mick Riordon, senior economist with the World Bank

Contact the studio

Got something to say about what you're hearing on the radio right now?

Text/SMS
Send your texts to +61 427 72 72 72

Tweets
Add the hashtag #raonair to add your tweets to the conversation.

Email
Email us your thoughts on an issue. Messages may be used on air.