São Paulo – The world economy should grow 2.4% next year, according to projections made by the United Nations (UN) and disclosed as a preview of the survey “World Economic Situation and Prospects.” The growth is considered moderate by the organization and will be mainly driven by Chinese consumption.
The expansion is also going to be a result of financial measures adopted by industrialized countries in order to curb the world economic crisis. The document was presented by the director of Analysis at the UN Department of Economic and Social Affairs, Rob Vos.
According to the projections, in 2010, China will grow 8.8% and India, 6.5%. The Indian economy is also going to boost global growth. According to the UN’s estimates, Latin America and the Caribbean should grow 3.4%. The United States should grow 2.1% and the eurozone nations should only grow 0.4%.
"The presence of a tentative global recovery may precede optimism. This (recovery), however, is frail and uneven, taking into consideration that a significant share of this drive comes from Asia,” said Vos. The information was disclosed on the UN website.
This Wednesday (2nd) saw the end of the UN’s High-Level Conference on South-South Cooperation, in Nairobi, Kenya. At the meeting, the United Nations called on developing countries to increase trade flow among them.
According to news agency Panapress, partnerships between less developed regions were mentioned as one of the means for countries to solve their economic problems. According to data disclosed at the conference, exports between Southern countries account for 20% of global trade.
*Translated by Gabriel Pomerancblum
