Private capital flows to emerging economies continue to rebound from their short-lived slump in the last part of 2008 and early months of 2009, helped by relatively favorable economic prospects across a wide array of emerging markets. Net private inflows to emerging economies are projected to be $825 billion, up from $581 billion in 2009. The forecast for 2010 has been revised up by $116 billion since our estimates were last prepared in April. This upward revision in flows has been accompanied by an upward revision in our estimates for aggregate emerging market growth relative to that in mature economies. Relatively buoyant flows are expected to persist into 2011, when net private flows to emerging economies are projected to be $833 billion.