Top 10 Economic Predictions for 2010: Emerging Markets Will Outpace Developed Economies

U.S. faces slow start to economic recovery; Europe, Japan to bounce back more slowly than U.S., says IHS Chief Economist Nariman Behravesh


Lexington, MA — December 10, 2009 — 'Tis the season for predictions about how the year ahead is shaping up, and IHS Chief Economist Nariman Behravesh is first up with his "Top 10 Economic Predictions for 2010."

His quick take on what the New Year holds in store: Global GDP will grow only 2.8 percent in 2010, much better than the 2.0 percent drop in 2009, but well below the 3.5-4.0 percent trend rate of growth for the world economy. Most emerging markets, particularly Asia, will outpace the developed economies next year, Behravesh believes, while the U.S. economic recovery will begin the year slowly, and Europe and Japan will rebound even more slowly.