The world economy will grow by 3.5% in 2010 with the momentum of the emerging countries

The contribution of the major industrialized countries to the advance of the gross domestic product (GDP) world has progressively declined since the beginning of this decade and has gone from representing two-thirds of the total in the year 2000, less than 50% today, according to The Conference Board, which estimated that by 2016 will have narrowed to assume only a third of the total.

As well, and as stressed that entity, Bart van Ark, Chief Economist in a press release, the developing and emerging countries contribution to world economic growth will represent two-thirds of the total in 2016. He added that, while China will likely remain an important to overcome the crisis force, "we will see increasingly how other emerging markets drive global growth". The entity considers, however, that growth in China will slow down gradually, as its economy will be more driven by domestic consumption. The Conference Board estimates that this Asian country's economy will grow 8% this year and 8.5 per cent in 2010, while the advance will be of an average of 7.5% per year between 2011 and 2016.