The World Bank has predicted that global economy will slow this year, with developing countries such as India and China providing a greater share of growth. The bank estimates that global GDP growth will be 3.3 per cent this year against 3.9 per cent in 2010, with emerging markets growing by 6 per cent. But these rates will not be enough to reduce unemployment in the hardest-hit economies, it said. The bank warned that serious tensions and pitfalls persist. These included the eurozone debt crisis and the risk of large amounts of capital flowing from low-interest developed economies to higher-interest emerging markets, which could affect currencies. The World Bank also said it was very concerned about rising food prices. The bank forecasts growth this year in China of 8.7 per cent and in India of 8.5 per cent. This compares with a forecast of 2.4 per cent for rich countries collectively. Bank's Chief Economist Justin Yifu, said strong developing-country domestic demand growth is leading the world economy, yet persistent financial sector problems in some high-income countries are still a threat to growth that require urgent policy actions. The bank also expressed concern about rising commodity and energy prices. It warned that if international prices continue to rise, affordability issues and poverty impacts could intensify.