The World Bank released on the 20th, "Global Economic Prospects 2010" report said that although the financial crisis, the worst may have passed the stage, but the world economic recovery is still fragile, if it be wrong move could lead to economic recession once again. Reported that the financial market is still struggling, lagging behind the private sector demand and high unemployment. The report estimated the impact of the financial crisis will change the next 10 years of finance and growth prospects.
World Bank report pointed out that global GDP in 2009 declined by 2.2% this year is expected to grow by 2.7% in 2011 to grow by 3.2%. In developing countries is expected to move toward a relatively strong recovery this year, is expected to grow 5.2% in 2011 is expected to grow 5.8% higher than last year's 1.2%. Last year, GDP fell 3.3% in developed countries is expected to be much slower growth in 2010 and 2011 growth forecast of 1.8% and 2.3%.
World Bank vice president and chief economist Lin Yifu said in a statement the same day, rebuilding the economy and employment needs of the many years of time, can not be expected overnight from this deep and painful crisis to recover. He also said that the poor face a great crisis, the impact of the urgent need for assistance to weather the crisis.
The report reminds that although the economy has resumed positive growth, but to make up for the losses already suffered, still need a few years time. It is estimated that, with no case of a financial crisis compared to 2010 living in extreme poverty (living on less than 1.25 U.S. dollars per day) will be large in quantity of about 64 million people.
