Baku – APA-Economics. The United Nations said Wednesday the global economy is rebounding from the worst financial crisis since World War II and predicted world economic growth of 3 percent in 2010 and 3.2 percent in 2011, BusinessWeek reported.
The revised prediction is an improvement from the U.N.’s forecast of 2.4 percent growth in the global economy in 2010.
The U.N.’s updated 2010 World Economic Situation and Prospects report said that following a 2 percent contraction in 2009, global economies are rebounding, propelled by government fiscal stimulus packages and expansionary monetary policies. But the U.N. emphasized that the recovery is still too weak to restore job losses and close the gap in output left by the deep recession.
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