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Prospects for developed economies, which were at the center of the fnancial boom and bust, continue to be weighed down by banking sector restructuring and high consumer debt as the new year progr-esses. But the robust recovery in developing economies is remarkable and a prime source for global
economic growth. The World Bank issued Global Economic Prospects 2011, which outlines several pitfalls might jeopardize the world economy this year. Edited excerpts follow:
economic growth. The World Bank issued Global Economic Prospects 2011, which outlines several pitfalls might jeopardize the world economy this year. Edited excerpts follow: