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Article: Banc of America Securities-Merrill Lynch Research Hikes 2010 Global GDP Forecast to 3.7 Percent on Brighter Growth Prospects in the U.S. and China
- Article from:
- U.S. Newswire
- Article date:
- July 8, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Susan McCabe Walley, +1-212-449-0389,
susan_mccabe@ml.com, or Tomos Rhys Edwards, +44-20-7995-2763,
tomos_edwards@ml.com, both of Banc of America Securities-Merrill
Lynch
NEW YORK and LONDON, July 8 /PRNewswire/ -- Banc of America
Securities-Merrill Lynch Research has raised its global economic
growth forecasts for 2010 to 3.7 percent from 3.2 percent, driven by
signs of recovery in the United States and China.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090218/CLW006LOGO)
The global economy is only expected to emerge slowly from
recession, with emerging markets -- such as China and India --
likely to show the most pronounced signs of recovery in 2010, ...