Global economic growth forecasts increase
Azerbaijan, Baku, Nov. 5 / Trend A. Badalova /
Deutsche Bank is among several companies increasing its forecasts for 2010.
The bank now predicts global economic growth at 3.5 percent in 2010, compared to the 1.9 percent forecast earlier.
Predictions on the global economy's revival increase with each day.
Major reasons for the increased forecasts are improving financial terms and the effectiveness of state economic stimulus programs, the bank's survey for the fourth quarter said. The bank also reported that economic growth will weaken due to monetary policy expansion in 2010.
According to the bank's forecasts, economic growth in Asia, except Japan, will hit 6.8 percent in 2010 compared to 5.1 percent in 2009.
The bank earlier predicted 3.8-percent growth in the region in 2009 and 5.9 percent in 2010.
According to Deutsche Bank's forecasts, U.S. GDP growth will hit 2.8 percent in 2010 compared to 2.5 percent in 2009. Earlier the bank forecast a GDP decrease of 2.9 percent in Azerbaijan in 2009 and growth of 1.6 percent in 2010.
Deutsche Bank forecast a drop in the global economy by 1.2 percent this year compared to the 2.7 percent forecast earlier.
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