The U.N. report predicts China's economic growth will reach 9.2% this year

Source: Internet
Author: User
Keywords This year the United Nations China's economic growth
China News Agency, May 26 (Xinhua Sun Yu) A report from the United Nations predicts that Chinese economic growth will reach 9.2% this year, 2011 to 8.8%. The United Nations Department of Economic and Social Affairs 26th updated the 2010 World Economic Situation and Outlook report, which predicts that the world economy will grow at 3% this year, but that growth is still weak and countries ' recovery is uneven,  The report also notes that this growth rate is weak for stimulating job growth. The report predicts that the overall economic growth rate in the developed world this year is only 1.9%, with the US reaching 2.9% and the EU only 1%.  In contrast, Asia's growth rate is booming, especially in China and India, where the economy is forecast to reach 7.9% this year and 8.1% next year.  The report notes that as governments adopt fiscal stimulus packages and expansionary monetary policies, most of the world's economies rebounded in the late 2009 and early this year, with global growth of 3% and 3.1% per cent for the next two years. According to the report, unemployment has reached a record high in many countries, with the global unemployment rate increasing by 34 million in 2009 and a rapid increase of about 215 million per cent for low-wage workers.
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