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Image header Agence Europe
Europe Daily Bulletin No. 10315
Contents Publication in full By article 35 / 39
ECONOMIC INTERPENETRATION / (eu) emerging markets

Crisis no longer having impact on emerging countries. In its report on global economic prospects, the World Bank states that emerging countries have rediscovered their pre-crisis dynamism. Overall, the World Bank forecasts that developing countries are expected to have growth rates of 7% in 2010 and 6% in 2011, as opposed to an international average of 3.3% and an average of 2.4% in advanced countries (only 1.4% in the euro zone). These results confirm that the strong growth experienced by developing countries before the crisis was not exclusively down to their exports of raw materials or demand in the US, explains one of the report authors, who also highlights the fact that growth in developing countries is also based on the expansion of their domestic markets. Strong domestic growth in developing countries will continue to underpin global growth over the next few years. The World Bank underlines the fact that this demand accounted for 46% of global growth last year. In such a context, it is not surprising that international capital flows have returned to these countries: net private capital flows to developing countries increased by 44% in 2010, to $753.2 billion. (I.L./transl.fl)

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT