IMF predicts stronger growth for 2010
Wednesday 27 January 2010
The world economy will expand by 3.9 per cent in 2010, the International Monetary Fund said as it raised its global economic growth forecast yesterday.
The pace of growth is expected quicken in 2011, with the world economy forecast to expand by 4.3 per cent. The Washington DC based organisation had previously expected an expansion of 3.1 per cent over 2010. "I don't think we're that optimistic, but we're less pessimistic than we were in the last World Economic Outlook in October," the Fund's chief economist Oliver Blanchard said in an interview with Reuters Television, adding that while the estimates were better, "they're still quite mediocre".
"If you look at what our forecasts are for the recovery in the major advanced countries, these are still weak numbers," he said.
The Chinese economy is expected to lead the way, and is forecast to grow by 10 per cent this year, while the US is expected to expand by 2.7 per cent this year. The UK economy, which crept out of recession in the fourth quarter of 2009, is expected to growth by 1.3 per cent in 2010, compared to 0.9 per cent on the IMF's previous projections.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Westboro Baptist Church couldn't picket Leonard Nimoy's funeral because they didn't know where it was
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...