WASHINGTON, Dec 9 (Reuters) - Economic growth in emerging and developing countries are expected to slow sharply next year ending a five-year global commodity price boom, the World Bank said on Tuesday.
The World Bank's 2009 Global Economic Prospects report projected that world growth will shrink to 0.9 percent next year from 2.5 percent in 2008 and warned that a long and deep global recession cannot be ruled out.
Growth in the developing world will slow abruptly and below potential by 4.5 percent, down from 7.9 percent in 2007, the Bank said. (Reporting by Lesley Wroughton; Editing by Tom Hals)