World Bank fears Europe's crisis could set off deeper global slump than Lehman collap
 

http://www.telegraph.co.uk/finance/f...-collapse.html ...
The World Bank has slashed its global growth forecast and told developing nations to prepare for the worst, warning that Europe’s debt crisis could trigger an even deeper slump than the post-Lehman collapse three years ago.

http://i.telegraph.co.uk/multimedia/...l_1866222b.jpg The bank said there is a risk that turmoil in Europe could interact with the delayed effects of monetary tightening in Asia and Latin America, reinforcing each other in a 'downward overshooting of activity'. Photo: Bloomberg News

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