World Bank Head: Global Growth May Resume Late '09.

"The pace of decline in the global economy is set to slow and it could see resumed growth as early as late 2009, World Bank President Robert Zoellick said on Monday....'My sense is that, while we will still have declines, the rate of the declines (in the global economy) will lessen,' Zoellick said...." [Reuters/Factiva]

EFE adds that Zoellick "...rejected the predictions of some experts that economic recovery is delayed until 2011....Zoellick said that the collapse of the world economy 'is losing its rhythm' but emphasized that the crisis is day-by-day and recognized that there continues to be financial 'uncertainty'...." [EFE/Factiva]

La Republica writes that in addition "...Zoellick said that growth in China could be better than expected thanks to government measures to stimulate demand.... [In Eastern and central Europe,] 'in the short term, the crisis will dry up foreign direct investment' Zoellick said ...." [La Republica (Colombia)/Factiva]