World economy: A recovery, but challenges loom:
Recent data confirm that the global economic recovery is gaining traction, though problems remain in many countries. A combination of cyclical inventory adjustments and unprecedented policy stimulus has boosted demand, and world trade has picked up strongly. However, much of the improvement is due to temporary factors, and economic growth will weaken once these forces fade. The Economist Intelligence Unit expects world GDP growth at purchasing power parity (PPP) to reach 3.8% this year before slowing to 3.5% in 2011.
@ The Economist | Posted: 03/23/10 at 0201 EDST