Summary Box: IMF sees global economy growing, led by China and other emerging economiesBy AP
Wednesday, October 6, 2010
Summary Box: IMF sees global growth in 2010
WORLD OUTLOOK: The International Monetary Fund is forecasting the global economy will grow 4.8 percent this year and 4.2 percent in 2011. That’s an improvement from the 0.6 percent decline in 2009.
CHINA LEADING: China and other emerging economies are projected to have combined growth of 7.1 percent this year, more than double the increase for advanced economies such as the United States.
CURRENCY BENEFITS: Many emerging countries are benefiting from low-priced exports fueled by artificially low currency values. The U.S. is pressuring China to move faster to allow its currency to rise against the dollar.
Tags: Asia, China, East Asia, Greater China