World Bank give a warning and says that prices of the important products like food and fuel are at unreachable level after which almost 44 million more people have been moved to the level of below poverty after June 2010 and it has also written in the report that the world economy could return to the darkness of the crisis of year 2008 if all this happenings. After the recession which hit the world in year 2009/10 , the food analysts are continuously saying that we have no doubt in calling the year 2011 to be a year of retardation.
From last four months it is shameful to tell that the prices of food rose by 15% and never went good for those poor people who used to spend more than half of their income on food and caused a lot of deaths due to hunger as wheat's value get doubled in a time between June and January 2011 also maize prices were rose by 73%. The main factor of this rise in the food prices is the situation of Middle East which through its bad light on the whole world and also the bad business condition put the fuel on this fire during the bad time of Egypt which effect the common people.
The main question arises in the mind of every person that how this effect the world? and a simple answer to this question is that economists are saying that emerging countries will be able to expand only 6.0% this year and was 7.0% in 2010. There might be a chance as many people are saying that food prices in most developing countries have not increased as much but it is a fact and nobody can hide this that in poor countries it rose a lot. The second thing is that the growth of world economy is expected to rise by 3.6% rate for 2012, but now it seems to be very difficult to achieve that figure after this huge crisis.
