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Global growth to blossom on stimuli Asian strength
February 1, 2010
Global growth is set to blossom this year on the back of resurgent Asian economies and as the world's richest nations emerge from the deepest recession since the Second World War, according to a Reuters poll.
Median forecasts from 45 analysts from across North America, Europe and Japan polled over the past week show they expect the global economy to grow by 3.6 percent this year after an expected 1.0 percent contraction in 2009.
They then see global growth of 4.0 percent in 2011. These most recent forecasts are robust upgrades from July predictions for a 2009 contraction of 1.5 percent and growth this year of just 2.5 percent.
Original Posting At: Reuters
Median forecasts from 45 analysts from across North America, Europe and Japan polled over the past week show they expect the global economy to grow by 3.6 percent this year after an expected 1.0 percent contraction in 2009.
They then see global growth of 4.0 percent in 2011. These most recent forecasts are robust upgrades from July predictions for a 2009 contraction of 1.5 percent and growth this year of just 2.5 percent.
Original Posting At: Reuters
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