WP: Report Says Global Economy Will Shrink for
First Time Since 1940s
U.S. Downturn Dragging World Into Recession "The world is
falling into the first global recession since World War II as the
crisis that started in the United States engulfs once-booming
developing nations, confronting them with massive financial
shortfalls that could turn back the clock on poverty reduction by
years, the World Bank warned yesterday."