- World Bank projects global GDP to expand between 3.1 to 3.3 percent in 2010 and 2011
- Developing countries will lead global recovery, expanding almost twice as fast as high-income countries
- A lasting recovery requires that high-income countries foster growth and private sector investment in developing countries
Even as the world economic recovery continues to advance, it faces fresh headwinds on the road to sustainable medium term growth, cautions the World Bank’s latest Global Economic Prospects 2010, released today online.
The World Bank projects global GDP to expand between 3.1 and 3.3 percent in 2010 and 2011, strengthening to between 3.2 and 3.6 percent in 2012, reversing the 2.1 percent decline in 2009.
See full Press Release.
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