VOL. XXXIV
NO. 52
30-SEPTEMBER-1991
Financial and Banking News
Economic Perspectives
Effects of Gulf Crisis not as Severe as First Expected, Says WorldBank
The negative effects of the Gulf crisis on developing countries have beenless severe than was anticipated at the end of 1990, according to the WorldBank's Annual Report for 1991. The bank's estimates of losses as a percentageof GDP for most seriously affected countries during 1990 are substantially lowerthan projections made soon after the...
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