Jim O’Neill: Recovery will be stronger than forecast

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The global economic rebound is likely to be even stronger than many have anticipated and developed markets have the potential to outperform emerging markets, Jim O’Neill, head of global economic research at Goldman Sachs, told CNBC.

“I think what we’ve seen since the turn of the year … is actually really strong,” he said.

Goldman Sachs analysts estimate that the world economic growth will be 4.4% this year and 4.5% in 2011. In the first few months of the year, there is likely to be more improvement in the world’s developed markets, led by the US, than in the emerging markets, O’Neill predicted.

Source: Antonia Oprita, CNBC, January 5, 2010.

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