Double-dip slowdown is possible next year, World Bank says

01/20/2010 | Wall Street Journal, The ·

The World Bank issued its first global economic forecasts since the summer and was more positive about the outlook for 2010. However, concern remains that if private demand is not able to replace government stimulus efforts, a double-dip economic slowdown will develop. "If the private sector continues to save in order to restore balance sheets, a double-dip recession, characterized by a further slowing of growth in 2011, is entirely possible -- especially as the growth impact of fiscal stimulus wanes," the World Bank said.

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