According to the World Bank’s Global Economic Prospects 2008 (GEP 2008) report real GDP growth is likely to fall to 3.3% in 2008, down from 3.6% in 2007, as GDP in developing countries is expected to slow slightly to 7.1%, while high-income countries are predicted to grow by only 2.2%, as the threat of recession in the USA could lead to a cut in export revenues and capital investment in developing countries.

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