DAVOS-World Bank chief says crisis not run its course
DAVOS, Switzerland, Jan 26 (Reuters) - World Bank President Robert Zoellick on Saturday said the financial crisis that has cost the banking sector billions of dollars in writedowns was not over yet and more losses were to come.
Zoellick, speaking on the sidelines of the World Economic Forum annual meeting in the ski resort of Davos, said uncertainty still pervaded the financial markets and that the impact on the global economy remained unclear.
"Some firms are going to have some big losses (and) I don't think this has fully run its course," Zoellick said.
"There's anxiousness," he said. "There's great uncertainty in the financial markets."
"It's unclear, the effects on the global economy, because it's unclear the effects on the developing economies."
For full coverage, blogs and TV from Davos, see: here
(Reporting by Thomas Atkins)
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