World economy to bounce back in 2010
The United Nations has forecast that the world economy will bounce back in 2010 with a global growth rate of 2.4 per cent, but it warned the recovery will be fragile.
Global growth will resume in 2010, driven largely by the world's emerging economies, The Conference Board reported on Tuesday.Advanced economies' share of world GDP has fallen from two-thirds in 2000 to below 50 percent today and will hit one-third by 2016, according to the inaugural 2010 edition of The Conference Board Global Economic Outlook.