World GDP

Posted: December 20, 2013 in economy
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UK Only Article: 
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Look back with angst

After appearing to be on a downward spiral, the world economy grew at its fastest rate in 18 months in the third quarter of 2013. According to calculations by The Economist which cover 90% of world GDP, output increased by 2.76% compared with the same period a year ago. The world remains dangerously dependent on China, however; it was responsible for nearly half of GDP growth (measured at purchasing-power parity). Since the recession ended, the emerging world has led the recovery, contributing four-fifths of global growth. But there are signs of change in the rich world: after five years of being weighed down by debt and deleveraging, it quickened its output in the third quarter.

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The Economist Newspaper



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via Economic Crisis


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