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United Nations/Asia: Asia to Lead Global Economic Growth in 2010.
Section: General News - The United Nations says the world economy is on the mend. In its annual economic report released Wednesday (January 20), the U.N. predicts a global growth rate of 2.4 percent in 2010 with East and South Asia taking the lead. But the organization warns conditions for sustained growth around the world remain fragile.
The U.N. report says the world's economy is beginning to show signs of modest recovery. Equity markets are on the rebound, international trade and industrial production are rising and banks are starting to lend again. It's an economic revival driven in large part by massive stimulus measures around the world.
"In Hong Kong, we have …
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