" After
a deep global recession,
economic growth has turned positive,
as wide-ranging public intervention
has supported demand
and lowered uncertainty and systemic risk
in financial market,"said IMF.
It is a relief to know that the world economy is recovering from recession faster than expected as indicated by the International Monetary Fund in Istanbul today.
According to IMF in its semi-annual World Economic Outlook, the global economy will shrink 1.1 percent this year, less than the 1.4 projected and will rebound to 3.1 percent in 2010, more than a July forecast of 2.5 percent as more than $2 trillion in stimulus packages and demand in Asia pull the economy out of its worst recession since World War II.
For U.S.A, the world's largest economy, the IMF has focasted its 2010 growth at 1.5 percent, following an anticipated 2.7 percent contraction in 2009.
Meanwhile, the 16 European countries that use the euro are expected to grow by 0.3 percent in 2010 after a projected a massive 4.2 percent slump in 2009.
The IMF said that much of 2010's global growth will be dependent on Asia, particularly China and India which are expected to grow by 9 percent and 6.4 percent, respectively.
I hope that the recovery of the world economy will render us better livelihood in the future.
Read further..
a deep global recession,
economic growth has turned positive,
as wide-ranging public intervention
has supported demand
and lowered uncertainty and systemic risk
in financial market,"said IMF.
It is a relief to know that the world economy is recovering from recession faster than expected as indicated by the International Monetary Fund in Istanbul today.
According to IMF in its semi-annual World Economic Outlook, the global economy will shrink 1.1 percent this year, less than the 1.4 projected and will rebound to 3.1 percent in 2010, more than a July forecast of 2.5 percent as more than $2 trillion in stimulus packages and demand in Asia pull the economy out of its worst recession since World War II.
For U.S.A, the world's largest economy, the IMF has focasted its 2010 growth at 1.5 percent, following an anticipated 2.7 percent contraction in 2009.
Meanwhile, the 16 European countries that use the euro are expected to grow by 0.3 percent in 2010 after a projected a massive 4.2 percent slump in 2009.
The IMF said that much of 2010's global growth will be dependent on Asia, particularly China and India which are expected to grow by 9 percent and 6.4 percent, respectively.
I hope that the recovery of the world economy will render us better livelihood in the future.
Read further..
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