World Bank urges poor countries to boost growth

From Global development | The Guardian Tue Jan 15 2013, 20:00:01

Chief says poor countries cannot rely on high-income nations to drag them along

The World Bank has warned developing countries that they would need to be able to cope with a weak recovery in the west as it predicted a tentative and uneven recovery from the financial crisis of four years ago.

Highlighting the risks from a relapse in the euro area and from the political in-fighting in the US over the budget, the bank said poor countries needed to build up their economic strength because they could not rely on high-income countries to drag them along.

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