Zoellick Sees Economic Risks From Food Prices, Debt, Inflation
This article is for subscribers only.
World Bank President Robert Zoellick said the global economy faces risks from inflation, sovereign-debt woes and rising food and energy prices.
“The world is coming out of one crisis, the financial and economic crisis, but we are facing other risks and tumultuous changes,” Zoellick told reporters on a conference call in Washington today. Europe’s debt crisis, repeated natural disasters and political turmoil in the Middle East all pose risks to the recovery, even as emerging markets face rising inflation and a risk of overheating, he said.