Word: belower
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The World Bank said it first: in 2009, the global economy will contract for the first time since World War II. That's the banner headline of the international financial group's March 9 report, but, particularly for developing countries, the devil runs rampant through the details. (Really, when a...
1. On the global economic outlook: "Global industrial production declined by 20 percent in the fourth quarter of 2008 ... Global GDP will decline this year for the first time since World War II, with growth at least 5 percentage points below potential."
3. On the effects of declining commodity prices on the developing world: "Many LICs [low-income countries] rely disproportionately on revenue from commodity exports, the prices of which have declined sharply along with global demand ... During the second half of 2008, non-energy commodity prices plunged 38 percent, with most...
Renzo Piano—the prize-winning architect who was tapped to renovate the Fogg Art Museum and design a new art museum in Allston—described the difficulties of the upcoming projects to a packed Sanders Theatre audience last night. [SEE CORRECTION BELOW]
Daniel V. Kroop ’10, co-chair of the Communications Committee and a co-sponsor of the bill, said, “I think at the end of the day, people had questions over whether the UC should actively fund an organization that is designed for Harvard students...