World Economies Set to Recover from Financial Crisis in 2010

The Organisation for Economic Co-operation and Development (OECD) says growth and recovery are expected in 2010 in just about all world regions.

For its 30 member countries, rich nations including the US and UK, it has more than doubled its growth forecast to 1,9% for next year, from 0,7%.

But the OECD warns developed nations not to expect a smooth ride, the BBC reported.

It said growth was being "held back by still substantial headwinds" and would be "modest" for some time.

The very measures that are helping richer nations to recover pose risks to that recovery, the OECD says.

The UK, for example, needed to come up with a concrete plan to ease concerns about the stability of the public finances, it added.

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