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Crisis in developed world may ruin emerging markets – World Bank

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An economic crisis in developed countries could cause significant damage to emerging economies, World Bank President Robert B. Zoellick told a news conference on Thursday.

An economic crisis in developed countries could cause significant damage to emerging economies, World Bank President Robert B. Zoellick told a news conference on Thursday.

Emerging countries, which currently contribute 50 percent of the world gross domestic product, should stimulate domestic demand to secure themselves from external negative influences, Zoellick said.

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