United Nations, May 26 (AFP) Emerging economies, like India, are helping keep the fragile global recovery on track, even as much of the developed world remains buffeted by sluggish growth and high unemployment, a UN report said today.
"The recovery continues to be led by the large emerging economies in Asia and Latin America -- particularly China, India and Brazil -- given the still-fragile state of the recovery and prevailing high levels of unemployment," the report said.
The United Nations study said it will take as many as five years at present growth rates for employment to return to pre-recession levels in the developed world.
The report said that the United States likely would end 2011 with a 2.6 percent growth rate, and slightly brisker 2.8 percent next year.
Quake-hit Japan can anticipate 0.7 percent growth in 2011 and 2.