The global economy is recovering from the shock of the Financial Meltdown of September 2008 and fortunately for all us, the recovery has been better than what we had thought a year or so back. The reversal of the recessionary trends is being reflected in the projections of global output report of IMF. The World economic outlook report estimates a global growth of 3.9% for 2010 and 4.1% for 2011. The benefits of global economic integration have been well reflected in the way the world tackled the effects of the meltdown. Strong and coordinated anti-deflationary public policy measures were taken across the spectrum of the large developed and developing economies. These measures taken across the world have largely eliminated fears of the prolonged depression. There has been a rebound in the financial market sentiment and the risk appetite.
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