It expects world economic output to shrink by as much as 0.4% in 2009, due to a slump among developed countries - particularly the US and in Europe.This would mark the world economy's first year of contraction since the 1930s, the UN said.BBC NEWS | Business | World economy 'weakest since 30s'
Tuesday, December 09, 2008
BBC NEWS | Business | World economy 'weakest since 30s'
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Posted by Bob and Gail at 3:16 AM