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The World Economy
Published online by Cambridge University Press: 26 March 2020
Over the next two years, the recovery will strengthen as global GDP rises by 3.6 and 3.9 per cent; world trade will increase by 9.9 and 6.9 per cent.
China will continue to grow at an extraordinarily fast rate, with GDP rising by 10.1 and 8.9 per cent in 2010 and 2011.
The recovery in the US — growth of 2.4 and 2.6 per cent — will outpace that of the Euro Area, where GDP will rise by 1.0 and 1.7 per cent.
Japan's national output will increase by a meagre 0.8 per cent this year, picking up to 1.8 per cent in 2011.