Senior World Bank Official Cites Four Risks to Global Economy

(Beijing) -- The global economy is now facing four major risks: overcapacity in developed countries, mounting debt in Europe and the U.S., short-term international capital flows and inflation, said Lin Yifu, Senior Vice President and Chief Economist of the World Bank.

Lin added that that global GDP rose 3.9 percent in 2010, compared with the 2.2 percent decline in 2009, and a 3.3 percent rise is expected in 2011.