World Bank president: ‘One shock away from crisis’
April 18, 2011
Robert Zoellick cited rising food prices as the main threat to poor nations who risk “losing a generation”.
He was speaking in
IMF chief Dominique Strauss-Kahn raised particular concerns about high levels of unemployment among young people.
“It’s probably too much to say that it’s a jobless recovery, but it’s certainly a recovery with not enough jobs,” he said.
“Especially because of youth unemployment… there is now a risk that this will be turned into a life sentence, and that there is a possibility of a lost generation,” he said.