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Goldman bullish on 2010

The world economy will expand 4.4 per cent next year and 4.5 per cent in 2011 as the world recovers from the financial crisis, according to a note from Goldman Sachs yesterday. “Our projections suggest that both 2010 and 2011 will be rather strong years,” said Jim O’Neill, Goldman Sachs’ chief economist in London. He added: “The combination of better-than-expected growth and lower-than- expected inflation should be good news for financial markets.” The note also recommended that investors buy Stirling next year, and not the New?Zealand dollar.