The world economic recovery, that began at mid-year in 2009, will continue in 2011 and 2012 according to the International Monetary Fund. That organism published today its most recent estimates of the evolution of the world economy. World GDP growth forecasts for 2011 were revised slightly upward compared to last October (4.4 percent instead of 4.2 percent), notably because the US economy is expected to grow by 3.0 percent instead of 2.3 percent since the adoption of monetary and fiscal expansionist measures at the end of 2010.
Without surprise, the outlook is brighter for emerging economies than for advanced ones. In many emerging countries, there are even signs of overheating, as we can see with the evolution of consumer prices, while in advanced ones difficulties in financing the public debt, especially in Europe, hang on the growth outlook.
Technical point : The 4.4 percent world GDP growth for 2011 is based on the purchasing power parity method which results in more weight for the emerging economies. When using market exchange rates, the forecast for world growth is down to 3.5 percent.
Details at : http://www.imf.org/external/index.htm
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