>>>>>WORLD BANK URGES SPENDING CUTS FOR EMERGING MARKET ECONOMIESEmerging-market economies, growing almost three times as fast as their developed counterparts, need to speed spending cuts and interest-rate increases as they fight inflation and overheating, the World Bank has said.The Washington-based institution lowered its growth forecast for the world economy this year to 3.2 percent from
>>>>>WORLD BANK URGES SPENDING CUTS FOR EMERGING MARKET ECONOMIESEmerging-market economies, growing almost three times as fast as their developed counterparts, need to speed spending cuts and interest-rate increases as they fight inflation and overheating, the World Bank has said.The Washington-based institution lowered its growth forecast for the world economy this year to 3.2 percent from
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