World Bank sees slow growth for economy

Washington Post, June 23, 2009 page A13:

Developing nations to be hit hardest.

The global economy is expected to start growing again during the second half of the year but at a pace much more subdued than might normally be the case.

World Bank officials said that if private capital were to return to developing nations, such outcomes could not only be averted but growth in developing nations could give the global economy a much -needed boost.

China's private sector has been expanding and such private sector would provide a contributing factor for global economic recovery.

Recovery's missing ingredient: New Jobs (Published by the Washington Post, June 22, 2009 on page A1)

Page A5: Lawrence Mishel, president of the Economic Policy Institute said:" I find it unfathomable that people are not horrified about what is going to happen. I regard all this talk about how the recession is, maybe going to end, all the talk about deficits and inflation, to be equivalent of telling Americans: You are just going to have to tough it out."

Mark Zandi, chief economist for Moody's Economy.com said:"It won't get back to full employment until 2013 or 2014.

High unemployment does not bode well for consumer spending, which accounts for about 70% of GDP, putting further pressure on the job market.

"Keys for Economic Understanding" addressed to job problems for reference. www.ask.com for reference.

In China, folks are uncertain about job propects especially college graduates and the situations are similar to the American scene. There is the common problems of Sino-American Economics.

Francis Shieh a.k.a. Xie Shihao,a graduate student from China and an alumnus of Georgetown University Graduate School,Class of 1950. June 23, 2009 at 10.46 a.m.