国际英语新闻：World economy recovering with unbalanced pace, coordination critical: IMF chief economist

WASHINGTON, Oct. 6 (Xinhua) -- While the global economy is making a comeback, it is doing so at an uneven pace, as developed nations slog their way out of the recession and emerging economies are seeing more rapid growth, Olivier Blanchard, chief economist of the International Monetary Fund (IMF), told reporters on Wednesday.

"The world economic recovery is proceeding. But it is a geographically unbalanced recovery, sluggish in advanced countries, and much stronger in emerging and developing countries," he noted.

For advanced countries, growth will be low, at 2.7 percent for 2010 and 2.2 percent for 2011. As such, unemployment in the United States is forecast to remain high, at 9.6 percent in 2011. For the Euro area, it is expected to linger at 10 percent, Blanchard said during one IMF press conference in Washington.

This IMF photo shows International Monetary Fund's Chief Economist Olivier Blanchard as he presents the World Economic Outlook at the IMF Headquarters in Washington, DC., capital of the United States, Oct. 6, 2010. Rich and emerging economies must dramatically change the way they trade with each other or risk throttling the global economic recovery, the International Monetary Fund warned on Wednesday.

For emerging economies, consumption and investment is contributing to strong growth. Growth for these nations as a whole is forecast to reach 7.1 percent in 2010 and 6.4 percent for 2011, he said.

Emerging Asian nations as a whole are forecast to reach 9.4 percent this year and 8.4 percent next year, he said.

"In most advanced economies, consumption and parts of investment are still weak," Blanchard said. "And (they) will remain so for some time. By contrast, in most emerging economies, consumption and investment are much stronger."