Washington, 9 Jaune 2010

The global economic recovery continues to advance, but Europe’s debt crisis has created new hurdles on the road to sustainable medium term growth, cautions the World Bank’s latest Global Economic Prospects 2010, released today online. The World Bank projects global GDP to expand between 2.9 and 3.3 percent in 2010 and 2011, strengthening to between 3.2 and 3.5 percent in 2012, reversing the 2.1 percent decline i n 2009. Developing economies are expected to grow between 5.7 and 6.2 percent each year from 2010-2012. High-income countries, however, are projected to grow by between 2.1 and 2.3 percent in 2010 – not enough to undo the 3.3 percent contraction in 2009—followed by between 1.9 and 2.4 percent growth in 2011.

“The better performance of developing countries in today’s world of multipolar growth is reassuring,” said Justin Yifu Lin, the World Bank’s Chief Economist and Senior Vice President, Development Economics. “But, for the rebound to endure, high-income countries need to seize opportunities offered by stronger growth in developing countries.”

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