The economy may not be doing as well as some thought. This morning, the World Bank changed its forecast for global growth to a 2.9 percent decline -- a more gloomy prediction than their previous forecast of a 1.7 percent decline. Essentially, the bank is saying that things are going to get worse before they get better, largely because of shrinking investment into developing nations.

The United Nations General Assembly will be holding a conference on the global recession's impact on these developing nations later this week -- and we'll be there to find out exactly how hard they've been hit and how they hope to recover.

categories: Morning Report

9:34 - June 22, 2009

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