Global Economy Could Return to The Dark Days of 2008 Crisis

The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to be a year of deceleration.

In its latest projections, the bank estimates global growth of 3.3 percent this year, after 3.9 percent in 2010. Emerging and developing countries were expected to expand 6.0 percent, down from a 7.0 percent pace in 2010, the bank said in its latest Global Economic Prospects report.

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