World Bank president says volatility is a sign of recovery
World Bank President Jim Yong Kim believes volatility in the market is a sign that the U.S. is moving steadily through a recovery period. He noted that despite ongoing concerns, the market is much better when compared to a year ago. Per The Wall Street Journal:
“This is the time to make the response,” Kim said, adding that the World Bank is helping volatility-shaken countries put together policy packages of measures they can take right away.
“Countries that are experiencing these downturns have to now restore confidence, and the way to do it, in our view, is to be even more serious about undertaking those reforms that everyone knows that they have to go through,” he said.