World GDP

Posted: March 17, 2016 in economy
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A hollow superpower

The world economy grew by 2.5% in the last quarter of 2015 compared with a year earlier, according to our estimates. Global GDP growth has declined for five consecutive quarters and is at its lowest since the beginning of 2013. Growth in the BRIC economies (Brazil, Russia, India and China) has slowed, as it has in other emerging markets. Emerging markets’ contribution to growth has fallen from 2.6 percentage points in the third quarter of 2013 to 1.8 points. In the rich world, the annual growth rate in America, Britain and Japan slowed between the third and fourth quarters of 2015. Euro-area growth has been moderate since the recession and economists reckon it will still be subdued this year.

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The Economist Newspaper



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via Economic Crisis


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