WB Urges Developing Countries to Strengthen Domestic Fundamentals, to Weather Global Economic Turmoil

WASHINGTON, June 12, 2012 – Developing countries should prepare for a long period of volatility in the global economy by re-emphasizing medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012.   A resurgence of tensions in high-income Europe has eroded the gains made during the first