The World Bank estimates the world economy in 2009 is more gloomy, with global economic growth is only 0.9%.
Meanwhile, Canada has expressed itself in recession, and efforts to rescue the company's U.S. car manufacturers are still in discussion.
In the report Global Economic competent, the World Bank sharply cut growth estimates and estimates the volume of world trade in 2009 decreased 2.1% due to the credit crisis that occurred in the world throws countries rich and poor.
Economy of developing countries is estimated to grow 4.5% while the rich countries experienced a contraction is estimated to be 0.1%, said that multilateral credit agencies.
"The global economy are on the crossing, the transition from a period during which economic growth is high in developing countries to a condition that is not certain when the financial crisis that take in the countries causing high income shocks in the global financial market," said the head World Bank economist Justin Lin.
In Canada, the central bank lowering interest rates on Tuesday by 0.75 points to be 1.50% and stated that the Canadian economy has been slip into recession in the global financial crisis.
"The prospect of the world economy worsened significantly and the global recession will be more widespread and more from the previous estimated," said Canada's central bank in a statement.
In Washngton, White House request the company car at the Detroit prove ability to survive in the long-term assistance could be given to the rescue of U.S. $ 15 billion. But that agreement has been mentioned in front of the eye.
Governance President George W Bush has been making good progress in the planes with the leaders of Congress in making laws to rescue the car manufacturer General Motors, Ford and Chrysler, said White House spokesperson Dana Perino told reporters.
"We are still discussing a number of issues, some of them small and technical problems, some slightly larger, but the overall goal is to the good," he said.
In Geneva, the International Air Transportation Association (IATA) memperkirakaan that the airline will have losses of U.S. $ 2.5 billion (1.9 billion euros) in 2009 because of the impact of the economic crisis. "Gloomy prospects. We are facing the worst climate revenue in the 50 years," said IATA CEO Giovanni Bisignani.
Meanwhile in Britain, the data shows that there is penurunaan manufacturing output was 1.4% in October compared to September, the decline in eight successive months, and down 4.9% in 12 months, the National Statistics Office said.
Decrease in October was the largest since March 2005, and it means that England face a maximum contraction in the manufacturing sector since 1980.
In Japan, the company's electronics giant Sony says will cut investment in the field of electronic business to 30%, 10% to close factories and business that are not profitable in order to decrease income.
The announcement was made only several hours after Tokyo announced that Japan's economy shrink 0.5% in the third quarter, a 1.8% in the year, namely, the more burk from previous estimates.
"Data shows that the economy experienced a contraction faster than previous estimates, and the recession will be more of the original estimate," said Glenn Maguire, chief Asia economist at Société Générale in Hong Kong.
Exchange after the world's varied increases on Monday (8 / 12) because of expectations that the economic stimulus plan that promised U.S. President-elect Barack Obama will solve some problems of the world economy.
In exchange Wall Street, the Dow Jones industrials index down 242.85 points (2.72%) to close at 8691.33. In London, FTSE 100 index closed up 1.89%, the CAC 40 index in Paris rose 1.55% and the Dax index in Frankfurt closed up 1.34%.
"Market kepatian want to rise," said Jean-Bernard Parenti Live from Switzerland Gestion Privee. "Selling pressure has been reduced slightly."
Meanwhile, Canada has expressed itself in recession, and efforts to rescue the company's U.S. car manufacturers are still in discussion.
In the report Global Economic competent, the World Bank sharply cut growth estimates and estimates the volume of world trade in 2009 decreased 2.1% due to the credit crisis that occurred in the world throws countries rich and poor.
Economy of developing countries is estimated to grow 4.5% while the rich countries experienced a contraction is estimated to be 0.1%, said that multilateral credit agencies.
"The global economy are on the crossing, the transition from a period during which economic growth is high in developing countries to a condition that is not certain when the financial crisis that take in the countries causing high income shocks in the global financial market," said the head World Bank economist Justin Lin.
In Canada, the central bank lowering interest rates on Tuesday by 0.75 points to be 1.50% and stated that the Canadian economy has been slip into recession in the global financial crisis.
"The prospect of the world economy worsened significantly and the global recession will be more widespread and more from the previous estimated," said Canada's central bank in a statement.
In Washngton, White House request the company car at the Detroit prove ability to survive in the long-term assistance could be given to the rescue of U.S. $ 15 billion. But that agreement has been mentioned in front of the eye.
Governance President George W Bush has been making good progress in the planes with the leaders of Congress in making laws to rescue the car manufacturer General Motors, Ford and Chrysler, said White House spokesperson Dana Perino told reporters.
"We are still discussing a number of issues, some of them small and technical problems, some slightly larger, but the overall goal is to the good," he said.
In Geneva, the International Air Transportation Association (IATA) memperkirakaan that the airline will have losses of U.S. $ 2.5 billion (1.9 billion euros) in 2009 because of the impact of the economic crisis. "Gloomy prospects. We are facing the worst climate revenue in the 50 years," said IATA CEO Giovanni Bisignani.
Meanwhile in Britain, the data shows that there is penurunaan manufacturing output was 1.4% in October compared to September, the decline in eight successive months, and down 4.9% in 12 months, the National Statistics Office said.
Decrease in October was the largest since March 2005, and it means that England face a maximum contraction in the manufacturing sector since 1980.
In Japan, the company's electronics giant Sony says will cut investment in the field of electronic business to 30%, 10% to close factories and business that are not profitable in order to decrease income.
The announcement was made only several hours after Tokyo announced that Japan's economy shrink 0.5% in the third quarter, a 1.8% in the year, namely, the more burk from previous estimates.
"Data shows that the economy experienced a contraction faster than previous estimates, and the recession will be more of the original estimate," said Glenn Maguire, chief Asia economist at Société Générale in Hong Kong.
Exchange after the world's varied increases on Monday (8 / 12) because of expectations that the economic stimulus plan that promised U.S. President-elect Barack Obama will solve some problems of the world economy.
In exchange Wall Street, the Dow Jones industrials index down 242.85 points (2.72%) to close at 8691.33. In London, FTSE 100 index closed up 1.89%, the CAC 40 index in Paris rose 1.55% and the Dax index in Frankfurt closed up 1.34%.
"Market kepatian want to rise," said Jean-Bernard Parenti Live from Switzerland Gestion Privee. "Selling pressure has been reduced slightly."
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