Global Economy 2010: Morgan Stanley forecasts advanced economies to grow 2%; Emerging economies 6.5%; BofA Merrill Lynch expects China’s GDP to rise 10.1%
Dec 15th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global Economy 2010: US investment bank Morgan Stanley says next year will be a tale of two worlds - - global growth of 4% but barely 2% average GDP (gross domestic product) growth in the advanced G10 economies while emerging economies, led by China and India, should grow by an average of 6.5%. Meanwhile, according to the Bank of America Merrill Lynch Global Research Macro Year Ahead for 2010, issued in London on Monday, the global economy will grow at a slow but steady pace in 2010, ahead of consensus estimates and China's economy will expand by 10.1%.