IMF News January 2010

The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions (Table 1 and Figure 1). Following the deepest global  downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009. In 2010, world output is expected to rise by 4 percent. This  represents an upward revision of ¾ percentage point from the October 2009 World Economic Outlook. In most advanced economies, the recovery is expected to remain sluggish by past  standards, whereas in many emerging and developing economies, activity is expected to be relatively vigorous, largely driven by buoyant internal demand. Policies need to foster a  rebalancing of global demand, remaining supportive where recoveries are not yet well sustained.

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