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Report: Global growth to return in 2010

November 30, 2009
Staffing Industry Analysts North American Daily News

Global economic growth will return to pre-crisis levels in 2010 driven largely by emerging economies, The Conference Board reported today.

"Global growth will resume in 2010, with global output per head returning to pre-crisis levels," said Bart van Ark, chief economist at The Conference Board. "Looking further out, emerging and developing economies will account for a much larger share of the global pie -- as much as two thirds by 2016. And while China will surely be a major force in the unwinding of the crisis, we’ll see other emerging markets increasingly fueling global growth."

Advanced economies' share of the world's gross domestic product has fallen to 50% today from two-thirds in 2000.