SINGAPORE — Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a US economy struggling to rebound from recession, WorldBankPresidentRobertZoellick said Wednesday. Zoellick warned that the US …
Read Original Story: World Bank warns unemployment threatens US economy – The Associated Press
Nov. 11 (Bloomberg) — Banks around the world face renewed risks as global unemployment rates rise, making it more difficult for consumers to repay loans, WorldBankPresidentRobertZoellick said. The global economy and financial …
Read Original Story: Banks Face Renewed Risks as Unemployment Rises, Zoellick Says – Bloomberg
SINGAPORE (MNI) – Asia is at greater risk of asset bubbles forming and spikes in inflation compared with slower growing economies like the US and Europe, and central banks in the region have to be wary of such risks, WorldBankPresidentRobert…
Read Original Story: World Bank Zoellick: Greater Risk of Asset Bubbles in Asia – Market News International
By Yasmine Yahya, Channel newsasia | Posted: 11 November 2009 1353 hrs SINGAPORE: The WorldBank warned on Wednesday that Asian economies face the risk of overheating, and governments must carefully manage when they withdraw their stimulus policies. …
Read Original Story: World Bank says asset bubbles an emerging problem for the region – Channel News Asia
Singapore: The global economy faces risks next year as rising unemployment may hurt banks and asset bubbles in Asia could undermine confidence, WorldBankpresidentRobertZoellick said on Wednesday. The good news is financial markets have broken the …
Read Original Story: World economy faces bank, bubble risks, says Zoellick – Livemint
SINGAPORE (Reuters) – WorldBankPresidentRobertZoellick said on Wednesday he saw some "downside risks" to world growth in 2010. Speaking to reporters at the Singapore Foreign Correspondents Association, Zoellick also said that asset bubbles in east …
Read Original Story: World Bank chief sees risk to world growth in 2010 – Reuters India
WorldBankPresidentRobertZoellick has told a meeting in Singapore that Asia’s positive attitude in overcoming the global recession is a good example of how it should have been handled. At the Asia-Pacific Economic Cooperation Forum, Zoellick said it …
Read Original Story: World Bank president speaks at Singapore conference – Bangkok.News.Net
From Thursday’s Globe and Mail Published on Thursday, Nov. 12, 2009 12:00AM EST Last updated on Thursday, Nov. 12, 2009 3:06AM EST The once-distant warning bells of new financial bubbles in the making in Asia and elsewhere are getting louder. …
Read Original Story: Bubble trouble: Policy makers strike warning note – Globe and Mail
POWER TRIO: WorldBankpresidentRobertZoellick, centre, Richard Woolcott, Australia’s former secretary of the Department of Foreign Affairs and Trade, left, and Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy, National University …
Read Original Story: Asian economies warned on stimulus exit – Business Day
The global economy must be wary of bubble and credit risks in 2010 as central banks around the world begin removing stimulus, warned WorldBankPresidentRobertZoellick yesterday (Wednesday). Speaking to the press at the Singapore…
Read Original Story: Removal of Stimulus Packages Next Year Poses Bubble, Credit Risks Says World … – Money Morning
