The World Bank was forecast for global economic growth, which in 2009 will be 0.9 per cent and in 2010-m - 3 percent, said the report of the organization. When the volume of world trade next year will decline by 2.1 percent. The reason for this will be the continuing global financial crisis, which banks worldwide have been forced to drastically reduce the volume of lending that led to a decline in demand. In 2010, world trade will grow by 6 percent.
The U.S. economy next year will decline by 0.5 per cent and a year to grow by 2 percent. Disappointing forecast of the World Bank and economic growth in Japan, the second largest in the world. Next year it will decline by 0.1 per cent and in 2010-m to grow by 1.5 percent. Growth in Russia's economy slowed to three percent in 2009. In 2010, Russia's GDP to grow by five percent.
The biggest decline expects the eurozone economy. Next year it will decline by 0.6 percent. In 2010, eurozone GDP will grow by 1.6 percent.
According to World Bank projections, the cost of oil in 2009 to decline by 26.4 percent to 74.5 dollars per barrel. In 2010, oil prices grow by 1.8 per cent to 75.8 dollars per barrel. In doing so, the cost of commodities other than oil, will decline for two consecutive years: in the next year - at 23.2 percent, while the 2010-meters - at 4.3 percent.
1 Dec, 2008 the United Nations (UN) presented its vision for the future of the world economy. In doing so, the organization considered three options for development, according to the worse of the world economy in 2009 will decline by 0.4 percent. The remaining two options anticipated growth in world GDP to 1 and 1.6 percent respectively.
The global financial crisis has led to a slowdown in economic growth of most countries in the world, the economies of some of them came into recession. Thus, the decline in GDP for two consecutive quarters have survived Germany, Japan, Spain, Britain, Sweden, Singapore, Estonia and Italy. The National Bureau of Economic Research (NBER) USA acknowledged that the economy is in recession since the end of 2007.
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