WORLDPOST
03/23/2010 05:12 am ET | Updated May 25, 2011

World Bank predicts strong 2010 global economic growth

Shoppers in Shanghai. Photo: Al Jazeera

The World Bank released its annual economic report this week, predicting that the global economy will grow by 2.7 percent in 2010.

Despite the optimistic outlook, today the U.S. Dept. of Labor announced an increase in unemployment filings. General Motors said that it will cut 8,300 more jobs across Europe in its Opel subsidiary.

Also, new figures suggest that China is growing much faster than expected. China is poised to overtake Japan as the world’s second largest economy.

But many economists are worried about asset bubbles in China — and about the effects of stimulus packages wearing off.

What is your sense of the economy and where it’s headed at the beginning of this new year?

Tell us what you think in the comments section below. Please be respectful and on-point. Malicious or offensive comments will be deleted, and repeat offenders will be banned.

The World Bank released its annual economic report this week, predicting that the global economy will grow by 2.7 percent in 2010. Today the U.S. Dept. of Labor announced an increase in unemployment filings. General Motors said that it will cut 8,300 more jobs across Europe in its Opel subsidiary. But many economists are worried about asset bubbles in China and about the effects of stimulus packages wearing off. http://worldfocus.org/files/2010/01/th_china_economy.jpg http://worldfocus.org/files/2010/01/th_china_economy.jpg

Read more on WorldFocus.org