If the latest report of the World Bank is to be believed, the new year may usher in an economic recovery, though not on a scale earlier anticipated. After an exceptionally slow growth in 2001 and 2002, says the bank report, global GDP is expected to rise by 2.5 [per cent in 2003. this hope would materialise provided there is no let down from the US economy, which is in recession and defies an uptrend despite the interest rates being at their four year low......Editorial