Emerging Economies Expect Growth
The key role of emerging and developing countries—including India, China, and Brazil—in sustaining world economic growth will continue in 2011, says the I.M.F.
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The I.M.F. expects that emerging and developing economies will grow by 6% in 2010 and 6.3% in 2011. Emerging-market economies have not only cushioned the global impact of the recent crisis, but have also helped industrialized countries reverse the recessionary trend of 2008-2009. But recovery remains fragile in the developed world, with unemployment remaining at crisis levels. But, while emerging economies are proving to be drivers of global demand, the right mix of government initiatives and policies is still required.
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