The World Economic Situation and Prospects 2010 issued by the United Nations (UN) on May 26 predicted that the world’s economic growth rate in 2010 is expected to reach 3% and 3.1% in 2011, citing the effect of fiscal stimulus packages and expansionary monetary policies around the world.

On the same day, the Organization for Economic Cooperation and Development (OECD) universally raised its forecast for the economic growth rates of the world’s economies, believing that the global economic growth rates will reach 4.6% and 4.5% respectively in the next two years.