Azerbaijan, Baku, Sept. 3 / Trend , A.Badalova/
Deutsche Bank analysts have predicted moderate growth in the global economy in 2010. The German bank reported that in the third-quarter, economic growth in industrially developed countries will amount to one percent in 2010 compared to the expected negative growth of four percent in 2009.
"Although the U.S. economy fell again in the second quarter, we expect positive economic growth in the fourth quarter," says the bank analysts' report.
The central bank's measures to stabilize the euro-zone economy, as well as programs for its stimulation, have already shown the first successful results, the analysts say.
The German bank's analysts believe that the European Central Bank will not change the discount rate next year.
In the August meeting, the ECB decided to keep the discount rate at one percent per annum. At present, the ECB's rate is the highest among the world's major central banks. The next ECB meeting will take place on Sept. 3.
This week, the reconsidered data for changing the level of euro-zone GDP for the second quarter has been published. According to initial date from the official EU statistical agency Eurostat, GDP of 16 countries which compromise the euro-zone declined 0.1 percent in the second quarter. The volume of the region's GDP declined by 4.7 percent compared to the second quarter of 2008.
Economic growth in the euro-zone will be more moderate in the second half of the year than was predicted earlier, the German bank's analysts said.
According to Deutsche Bank analysts, economic growth in developing countries will be 4.5 percent in 2010.
Do you have any feedback? Contact our journalist at: [email protected]