World Bank: Protectionism Could Kill Green Shoots |
|
June 8,2009
World Bank President Robert Zoellick warned on Monday that protectionism could stifle economic recovery.
World Bank President Robert Zoellick warned on Monday that protectionism could stifle economic recovery.
"Zoellick noted that while there are signs of global recovery, there remain dangerous risks that could reverse progress, including the threat of protectionism," a World Bank statement said ahead of a speech he was giving in Montreal.
"Right now there is a low-grade fever; it isn't full influenza, but we need to keep a close watch because as unemployment numbers go up politicians are under stress and some of them may turn to protectionism," he said.
Related Links
