World markets enter new “danger zone”

Robert Zoellick, president of the World Bank, has warned that investors have lost confidence in the leadership of certain key countries and that world markets have entered a new “danger zone”. Mr Zoellick spoke at the Asia Society’s annual dinner in Sydney and said that the global economy was now going through a “multi-speed recovery” and that recent events had caused many to “lose confidence in economic leadership of some of the key countries". He continued: "I think those events, combined with some of the other fragilities in the nature of recovery, have pushed us into a new danger zone. I don't ...