World Bank: Unemployment Threatens Social Crisis

World Bank: Unemployment Threatens Social Crisis


Due to the severe economic crisis and changes to penganguran greatest crisis and if we do not take steps then the risk is a big humanitarian crisis with the social and political implications of a broad, world economic recovery will slow progress and increase unemployment so that the crisis threatens to create social and protectionist , said World Bank President Robert Zoellick in an interview with the newspaper Spanyo, El Pais, Sunday.


Zoellick said the finance ministers of G7 countries and the G20 because kelegaanya economic contraction has slowed and economic growth, although still low negatih, the situation is not too bad.

"However, the economist and industrialist realized that the recovery will be slower and weaker than has been estimated," said Zoellick.

U.S. financial system and countries berpasar economy is still growing danger in the situation, he added.

"Perhaps the key things that need to be cleaned is the financial system. The U.S. has taken steps on the right path, but there are still banks that face serious difficulties in relation dnegan financial customers, credit cards and real estate.

"Peak, the United States became more dependent than Europe, the housing market sekuritasisasi credit, and this market should recover," he said.

Zoellick also mentioned the risk of a similar effect in some parts of Africa and Latin America and Eastern Europe.

"China is very surprising because it can get good results of the draft economic stimulus. For countries such as Mexico and Brazil, the largest threat is loss of access to finance," said Zoellick.