While the policy makers worldwide have been celebrating green shoots or signs of improvement from major world economies in last few months, the World Bank feels that the recovery was still fragile and policy makers needed to avoid over-optimism in handling the economy going forward.
Chief of the multilateral body Robert Zoellick expressed cautions on Friday regarding the soundness of recovery and so called green shoots saying that the environment continued to remain highly uncertain and one must be careful with predictions.
International Monetary Fund (IMF) too has in its recent world economic outlook report said that while there were signs of improvement, these were not robust and therefore recovery may not be said to be very solid as yet.
Stock markets world over have been bleeding for last few weeks after recovering much faster than real economies from the lows witnessed in March. There has been an increase in worries that perhaps the economy will not turn as sharply as the green shoots signaled.