World Bank announced world growth projections

By IBTimes Staff Reporter | January 21 2010 10:43 AM

The World Bank announced its projections for world growth this year, raising them yet they are worried about the third and fourth quarters because already economies are planning to pull out stimulus measures, while still there are high unemployment rates in major economies.

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The bank expects the world economy to grow 2.7% in 2010 stepping out of the worst recession since post world war era versus the prior expectations of 2% while growth may climb to 3.2% in 2011.

The stimulus programs have helped restore long lost confidence as stock markets climbed 78% from the low recorded last year while industrial production output inclined around the world.