WELL THIS IS CHEERFUL: World Bank In Doomsday Economic Warning. “The world economy could have its worst year since the Great Depression, the World Bank has warned. Even if the European crisis gets no worse, the world is headed for another year of weak growth, says the prestigious bank. And if Europe goes down, it takes the world with it: the Bank expects a shock as bad or worse as the 2008-2009 downturn.”
Related: Morgan Stanley Quantifies The Probability Of A Global “Muddle Through”: 37%.