World Bank chief says double-dip recession unlikely-TV

NEW DELHI, Nov 29 (BestGrowthStock) – The global recovery continues
to be “very uncertain”, but a double-dip recession is unlikely,
the World Bank president said in a television interview to be
aired on Monday evening.

“I don’t think that there will be a double dip and I would
not say a percentage figure because I think it’s not likely,”
Robert Zoellick told NDTV channel.

“But, what I would say is this, we are far from
finished…I think that there is a problem with confidence.”

In June, the World Bank had warned of a possible double-dip
recession in some countries if investors lost faith in efforts
in Europe and elsewhere to tackle rising debt levels.

The bank had said slower growth in developed economies
would deprive developing countries of healthy markets for their
goods and would cut into investment.
(Reporting by Rajesh Kumar Singh; editing by Malini Menon)

World Bank chief says double-dip recession unlikely-TV