China Financial Daily

IMF to increase this year and next year the Chinese economy is expected
International Monetary Fund (IMF) 7 on 8 raised China’s economy is expected this year and next year, IMF report released this year, China’s economic growth rate is expected in April from 6.5% to 7.5% next year, is expected by the increased 7.5% to 8.5%.

IMF raised its 2009 China’s economy is expected, but once again lower the global economy is expected, the report said, will shrink 1.4 percent this year, slightly worse in April this year is expected to shrink by 1.3%.

But the IMF to the global economy in 2010 turned positive, the report will be in 2010 the growth rate of the global economy is expected in April from 1.9% to 2.5% for the first time in two years.

IMF said the global economy is beginning to climb out of the most serious since World War II recession, but the road is not easy to stabilize, the recovery process will be relatively slow.

Developed countries this year, slow recovery of contraction next year

The report predicts that the developed economies shrink this year, 3.8 percent, 0.6 percent growth next year. Among them, the U.S. economy will shrink 2.6 percent this year, in April is expected to shrink 2.8 percent, the report also said that the rate of deterioration in the U.S. economy slowing down, industrial production may be about to bottom, will tend to stabilize in the second half of this year, the gradual recovery next year . It was reported that the U.S. economy is expected to grow next year by 0.8%, were better than expected in April.

In addition, IMF expects the Japanese economy will shrink this year, 6%, after shrinking 6.2 percent expected next year will grow by 1.7%, compared to previously expected increase of 0.5%. The euro zone this year and next year the economy contracted by 4.8% and 0.3% respectively. Germany, Britain, France, and Canada’s economic growth rate this year is negative.

Emerging and developing economies the situation optimistic

Of emerging and developing economies, the report said that this year the growth of emerging economies is expected to increase in April from 1.6% slightly down from 1.5 percent growth would be expected by next year, an increase of 4% to 4.7% growth. Which in addition to China, India this year and next year the economic growth rate is estimated to be 5.4% and 6.5%, than were originally expected to increase 0.9 percentage points. Emerging economies in Asia this year and next year the average growth rate is expected to reach 5.5% and 7.0%.

In addition, the report also predicted that the Latin American region’s economic contraction of 2.6 percent this year, next year 2.3 percent growth; CIS economy shrank by 5.8% this year, next year’s growth of 2.0%; and the Middle East this year and next year the economy grew 2.0% and 3.7%; Africa economic growth this year and next, respectively, 1.8% and 4.1%.

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