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--- The World Bank has broken a taboo, becoming the first official organisation to predict the global economy will shrink during 2009, to collapse for the first time in more than 60 years.

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--- The global economy is "approaching" a pick-up point as positive elements that could fuel growth have yet to be priced in, G10 central bankers say.

"We have a number of elements that are suggesting that we are approaching the moment where you would have a pick up," European Central Bank head Jean-Claude Trichet said in his capacity as spokesman for the G10 central bankers meeting at the Bank for International Settlements (BIS) on Monday. "I would say that we are at a level where the positives are not necessarily fully priced in," he said.

He did not specify a turning point but said central bankers would not depart from projections by global institutions, which are forecasting global momentum at close to zero this year before growth in 2010.

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--- Billionaire Warren Buffett says the US economy could recover in five years, likening the current battle against prolonged recession as a Pearl Harbour-like situation during World War II.

"I think that economy will be fine in five years, but I wish we'd get there faster," said Buffett, one of the world's richest men, in an interview with CNBC. "America's best days are ahead, but how fast we'll go there is in question."

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