In a report released in the mid of March 2009 by the World Bank , the World Trade is to register its biggest decline in 80 year. Some of the sectors including urban based exporters, construction, mining and manufacturing are already showing big drop. The sharpest losses are expected to be feet in East Asia.

According to report, the Crisis will have significant longlasting implications in poorer parts of the world. Indeed, developing countries face a financial gap of between US $ 270 billion and US $ 700 billion, stressing that level of funding pledged by international financial institutions would not be able to meet poor countries needs in 2009. Unmet financing needs will be enormous.

The World Bank report would that the economic slowdown is likely to push people who are hovering on the brink of poverty into a move serious degree of deprivation, and developing countries will struggle to cope with the increased number of their citizens who need government support.

Out of the World's 116 developing countries, 94 have experienced a slowdown in economic growth.

"Preventing an economic catastrophe in developing countries is important for global effort to overcome this Crisis. We need investments in safety nets, infrastructure, and small and medium sized companies to create jobs and to avoid social and political unrest", World Bank President Robert Zoeuick said upon the release of the report.