World Bank efect Unemployment greatest


World economic recovery will be slow and unemployment increase, so the occurrence of a crisis threatening the social and protectionist. Said World Bank President Robert Zoellick in an interview with Spanish newspaper, El Pais, Sunday (24 / 5).

"What's that as a tremendous financial crisis and then became the great economic crisis has become penganguran greatest crisis and if we do not take steps, the risk is a big humanitarian crisis with the social and political implications of a broad," he said.

"This will be the basis for the (discharge) proteksionis policies that populis," he said. Zoellick said, the finance minister countries G-7 and G-20 revealed kelegaannya because the economic contraction has slowed and economic growth, although still low, the situation is not too bad. "However, the economist and industrialist realized that the recovery will be slower and weaker than has been estimated," said Zoellick.

According to him, the U.S. financial system and countries berpasar economy is still growing in danger. "Perhaps the key things that need to be cleaned is the financial system. The U.S. has taken steps on the right path, but there are still banks that face serious difficulties in relation to financial customers, credit cards, and real estate," he said. "Peak, the United States became more dependent than in the European market sekuritasisasi credit and housing market should recover," he added.

Zoellick also mentioned the risk of a similar effect in some parts of Africa and Latin America and Eastern Europe. "China is very surprising because it can get good results of the draft economic stimulus. For countries such as Mexico and Brazil, the largest threat is loss of access to finance," said Zoellick.

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