Azerbaijan, Baku, November 13 / Trend , A.Badalova /
The world economy is gradually recovering. This is testified by the recent macroeconomic indicators, in particular in the Euro area, which talk about withdrawal from the recession.
According to the data provided by Eurostat statistical agency of the European Commission, over the third quarter, the GDP grew in Euro area by 0.4 percent compared with the previous quarter. GDP growth in 27 EU countries amounted to 0.2 percent. Growth of the European economy was the first in the last five quarters. According to preliminary data, U.S. GDP rose 3.5 percent for the third quarter.
According to the new improved forecasts of the World Bank, the global economy will grow by 2.6 percent in 2010 and 3.2 percent in 2011. At the same time, the fall in the global economy this year will make up 2.2 percent, according to World Bank projections. The economic growth of East Asia will amount to 6.7 percent this year and 7.8 percent next year.
According to the IMF forecasts, the global GDP in 2010 will grow by 3.1 percent. GDP in Asia will grow 5.75 percent next year.
According to analysts of one of Britain's leading consulting companies Capital Economics, GDP growth in the U.S. will total three percent next year, 1.5 percent in 2011. Global GDP will reduce by three percent in 2009 and will grow by 2.5 percent in 2010 and two percent in 2011. Analysts predict GDP growth in Japan in 2010 at the level of three percent, in 2011 - one percent.
According to analysts of the German Deutsche bank, drop in the global economy this year will amount to 1.1 percent. In 2010, world GDP will grow by 3.8 percent.
U.S. Energy Information Administration (EIA) projects 2.6 percent global GDP growth in 2010. U.S. GDP is projected by EIA to grow 1.9 percent next year.
OPEC expects 1.1 percent fall in global GDP in 2009 and its 2.9 percent increase in 2010. Next year, the cartel expects GDP growth in the U.S. at 1.4 percent, the Euro area - 0.5 percent, Japan - 1.1 percent.
Level of economic growth in 2009-2010:
|
Company |
2009 (%) |
2010 (%) |
2011 (%) |
|
World Bank |
- 2,2 (М) 6,7 (А) |
2,6 (М) 7,8 (А) |
3,2 (М) |
|
IMF |
- |
3,1 (М) 5,75 (А) |
- |
|
Capital Economics |
- 3 (М) |
2,5 (М) 3 (С) 3 (Я) |
2 (М) 1,5 (С) 1 (Я) |
|
OPEC |
- 1,1 (М) |
2,9 (М) 1,4 (С) 0,5 (Е) 1,1 (Я) |
- |
|
Deutsche Bank |
- 1,1 (М) |
3,8 (М) |
- |
|
EIA |
- |
2,6 (М) 1,9 (С) |
- |
М - global GDP
Е - Euro area
С - USA
Я - Japan
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