The rebound in growth is expected to be more rapid in the developing countries and initially tepid and fragile in the OECD area and involving a longer transition period. Once the transition to sustainable gains is reached, the EU and US economies are expected to grow by 2% and 2.5% per annum, respectively to 2019, and with faster growth in some other OECD countries such as Korea, Turkey and Australia. Among the developing countries, the leading Asian economies have fared better than most and lead the world economic recovery.