While 2009 saw the world economy come close to imploding, 2011 growth, while not stellar, will begin to recover, said Craig Alexander, senior vice president and chief economist at TD Bank Group, on Friday at the TD Ameritrade Institutional national conference in San Diego, California.

The recovery seems to be going at two different speeds: while the emerging markets are growing strongly, the developed markets are recovering slowly. For example, interest rates in India and Brazil have increased 2%-3%, said Alexander. While the stock market sees efforts to tamper growth as negative, there is no question emerging market economies will be stronger.  “Developing nations will represent two-thirds of world output in 2050,” Alexander said. “You can’t call them developing when they’re the lions share of growth. And remember with economic power comes political influence.”

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