News release: “The world economy, led by emerging market and developing countries, is forecast to grow by 4.8 percent in 2010 before falling back to 4.2 percent next year, but a sharper global slowdown is unlikely, the IMF says in its latest forecast. With the world still trying to bounce back from the global economic crisis, the IMF says in its latest World Economic Outlook that the recovery remains fragile and uneven. Unemployment remains a major economic and social challenge. More than 210 million people across the globe may be unemployed, an increase of more than 30 million since 2007. Three-fourths of the increase has occurred in advanced economies, the IMF said.”