Wed, 16 Jan 2013 16:19:04 GMT
U.K. equities slump as World Bank forecasts Eurozone economy to contract
U.K. stocks posted their biggest losses this year after the World Bank forecast that the Eurozone economy will shrink this year, pairing with Jean-Claude Juncker's statement that the strength of Euro currency threatens the growth of euro area. It was also forecast that the global economy will slowdown its pace of growth in 2013. The FTSE 100 index dropped