Friday, January 22, 2010

World Bank Predicts Global Economic Growth

The World Bank has released its annual economic report. The organization predicts that the global economy will grow 2.7% in 2010.

The figures suggest that China is also growing much faster than previously expected; the country is poised to overtake Japan as the second largest economy. There however is fear about the bursting of Chinese asset bubbles and the negative effects of the nation's stimulus packages.

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