The World Bank warned Sunday the world is falling into the first global recession since World War II as the economic crisis engulfs once-booming developing nations, confronting them with massive financial shortfalls that could turn back the clock on poverty reduction by years. The Washington Post reports the bank also cautioned that the cost of helping poorer nations in crisis would exceed the current financial resources of multilateral lenders. The World Bank is predicting that the global economy will shrink this year for the first time since the 1940s. The economic crisis is projected to push around 46 million people into poverty this year.