The recovery in the second half of 2009 would be largely due to the hefty stimulus packages.
In January, the UN had forecast that the world economy would shrink 0.5 per cent this year. The report predicted that with a coordinated, development-oriented policy scenario, the world economy would recover to an annual growth of 4-5 per cent in 2010-2015, led by a robust growth of 7 per cent a year in developing nations.
Damaging wind gusts, a fresh doping controversy and the robbery of a visiting government minister presented the Rio Games with a perfect storm of problems on Sunday, forcing organisers to scramble to keep the world's biggest sporting event rolling on.
