core sector communique

Global Economic Outlook: Recovery Is Gaining Pace and Confidence Is Growing While emerging economies have recovered strongly, developed countries are also on the rebound With additional public sector stimulus unlikely, the private sector should fuel growth through investment The G20 agenda must be sensitive to the concerns of countries that are not members   Davos, Switzerland, 29 January 2011 – The global economy is rebounding, led by developing economies including China and India, with developed countries growing much more slowly, government and banking leaders said in a plenary session on the global economic outlook at the World Economic Forum Annual Meeting 2011. While the recovery is gaining pace, however, there remain significant challenges for all economies.