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25 nations that will see positive or negative growth next year

October 14, 2013 08:36 IST

25 nations that will see positive or negative growth next year

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The world economy will grow by 2.9 per cent this year and 3.6 per cent in 2014, according to the latest estimates from the IMF, says The Economist.

Let’s take a look at some countries that will see positive or negative economic growth next year.

Source: The Economist

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Image: A woman carries bags of white brinjal at a wholesale vegetable market in Ahmedabad.
Photographs: Amit Dave/Reuters
Tags: IMF , Letrsquo

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25 nations that will see positive or negative growth next year

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India

Expected growth rate in 2013: 3.8 per cent

Projected growth rate in 2014: 5.1 per cent

The International Monetary Fund has lowered its projection of the country's growth rate to 3.8 per cent in 2013 from 5.7 per cent estimated earlier on account of poor demand and weak manufacturing and services sector performance. It also says India is among the economies that may require more tightening to address inflation pressure, according to PTI.

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Image: Tourists walk past a currency exchange shop at a shopping arcade in New Delhi.
Photographs: Anindito Mukherjee/Reuters

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25 nations that will see positive or negative growth next year

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China

Expected growth rate in 2013: 7.6 per cent

Projected growth rate in 2014: 7.3 per cent

China, the fastest growing economy in the world, has a GDP of $8.35 trillion.

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Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters
Tags: China , GDP

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Pakistan

Expected growth rate in 2013: 3.6 per cent

Projected growth rate in 2014: 2.5 per cent

Pakistan, which has an inflation rate of more than 7 per cent, has a GDP of $240 billion.

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Image: Brokers monitor the market from their booth during a trading session at the Karachi Stock Exchange, Pakistan.
Photographs: Akhtar Soomro/Reuters
Tags: Pakistan , GDP

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25 nations that will see positive or negative growth next year

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United States

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.6 per cent

United States, the biggest economy in the world, has a GDP of $16.63 trillion.

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Image: People make their way along the boardwalk in Coney Island in the Brooklyn Borough of New York, United States.
Photographs: Keith Bedford/Reuters

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25 nations that will see positive or negative growth next year

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United Kingdom

Expected growth rate in 2013: 1.4 per cent

Projected growth rate in 2014: 1.9 per cent

United Kingdom, one of the biggest financial centres of the world, has a GDP of $2.37 trillion.

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Image: A view of Hamleys toy shop in London, United Kingdom.
Photographs: Luke MacGregor/Reuters

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25 nations that will see positive or negative growth next year

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Canada

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.2 per cent

Canada, a major manufacturing hub, has a GDP of $1.83 trillion.

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Image: A view of Eaton Centre in Toronto, Canada.
Photographs: Stringer/Reuters
Tags: Canada , GDP

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25 nations that will see positive or negative growth next year

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Australia

Expected growth rate in 2013: 2.5 per cent

Projected growth rate in 2014: 2.8 per cent

Australia, a major exporter of minerals, has a GDP of $1.57 trillion.

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Image: Lunchtime crowds flood into the Pitt Street Mall in Sydney's city centre, Australia.
Photographs: Will Burgess/Reuters

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25 nations that will see positive or negative growth next year

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New Zealand

Expected growth rate in 2013: 2.9 per cent

Projected growth rate in 2014: 2.9 per cent

New Zealand, a major exporter of dairy products, has a GDP of $181.1 billion.

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Image: People buy fruits in Wellington, New Zealand.
Photographs: Jacky Naegelen/Reuters

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25 nations that will see positive or negative growth next year

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Russia

Expected growth rate in 2013: 1.5 per cent

Projected growth rate in 2014: 3.0 per cent

Russia, which has one of the biggest oil and gas reserves, has a GDP of $2.02 trillion.

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Image: A woman crosses Dvortshovaya Square (Palace Square) in central StPetersburg during a snowstorm, Russia.
Photographs: Alexander Demianchuk/Reuters
Tags: Russia , GDP

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25 nations that will see positive or negative growth next year

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Japan

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 1.2 per cent

Japan, one of the biggest exporters in the world, has a GDP of $5.96 trillion.

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Image: Pedestrians walk across a zebra crossing in Tokyo, Japan.
Photographs: Stringer/Reuters
Tags: Japan , GDP

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25 nations that will see positive or negative growth next year

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South Korea

Expected growth rate in 2013: 2.8 per cent

Projected growth rate in 2014: 3.7 per cent

South Korea, one of the biggest exporters of electronic goods and automobiles, has a GDP of $1.15 trillion.

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Image: A subway station in the Gangnam area of Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters

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25 nations that will see positive or negative growth next year

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Finland

Expected growth rate in 2013: Minus 0.6 per cent

Projected growth rate in 2014: 1.1 per cent

Finland, one of the richest countries in the world, has a GDP of $247.2 billion.

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Image: Tourists take part in the reindeer safari at Arctic Circle near Rovaniemi, northern Finland.
Photographs: Kacper Pempel/Reuters
Tags: Finland , GDP

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25 nations that will see positive or negative growth next year

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Norway

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.3 per cent

Norway, which has one of the largest sovereign funds in the world, has a GDP of $499.8 billion.

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Image: Royal Palace at the end of Karl Johans Gate in Oslo, Norway.
Photographs: Suzanne Plunkett/Reuters
Tags: Norway , GDP

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25 nations that will see positive or negative growth next year

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Sweden

Expected growth rate in 2013: 0.9 per cent

Projected growth rate in 2014: 2.3 per cent

Sweden, which has one of the highest standards of living, has an inflation rate of 1.4 per cent.

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Image: A view of Stockholm, Sweden.
Photographs: Ints Kalnins/Reuters
Tags: Sweden

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25 nations that will see positive or negative growth next year

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Iceland

Expected growth rate in 2013: 1.9 per cent

Projected growth rate in 2014: 2.1 per cent

Iceland, which was hit badly by the 2008 global economic crisis, has a GDP of $13.04 billion.

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Image: Children skate on the ice of the frozen Tjoernin lake in central Reykjavik, Iceland.
Photographs: Stoyan Nenov/Reuters
Tags: Iceland , GDP

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Denmark

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

Denmark, one of the richest countries in the world, has a GDP of $313.82 billion.

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Image: A man fishes near the Oresund bridge, which links the city of Malmo in Sweden to Copenhagen, the capital of Denmark, and has a total length of 7,845 metres.
Photographs: Radu Sigheti/Reuters
Tags: Denmark , GDP

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25 nations that will see positive or negative growth next year

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France

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

France, a major economic powerhouse in the world, has a GDP of $2.60 trillion.

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Image: An aerial view shows the Sacre Coeur Basilica and rooftops of residential buildings on Montmartre in Paris, France.
Photographs: Charles Platiau/Reuters
Tags: France , GDP

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25 nations that will see positive or negative growth next year

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The Netherlands

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.3 per cent

The Netherlands, a major exporter of dairy products, has a GDP of $709.5 billion.

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Image: A rootop view of Amsterdam from SkyLounge on the 11th floor of the DoubleTree by Hilton Hotel in Amsterdam, the Netherlands.
Photographs: Michael Kooren/Reuters

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Germany

Expected growth rate in 2013: 0.5 per cent

Projected growth rate in 2014: 1.4 per cent

Germany, one of the biggest economic powerhouses in the world, has a GDP of $3.57 trillion.

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Image: Tourists Caro and Anna from Munich lie in a bed mounted to a rental bike as they ride along Friedrichstrasse in central Berlin, Germany.
Photographs: Thomas Peter/Reuters
Tags: Germany , GDP

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Switzerland

Expected growth rate in 2013: 1.7 per cent

Projected growth rate in 2014: 1.8 per cent

Switzerland, one of the wealthiest nations in the world, has a GDP of $362.4 billion.

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Image: Girls sit on a bench on the banks of the Rhine River, in front of the old town of the northern Swiss city of Basel, Switzerland.
Photographs: Arnd Wiegmann/Reuters

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Poland

Expected growth rate in 2013: 1.3 per cent

Projected growth rate in 2014: 2.4 per cent

Poland, which was badly hit by the 2008 global economic crisis, has a GDP of $799.2 billion.

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Image: A view of the Palace on Water in Warsaw's Lazienki Park, Poland.
Photographs: Peter Andrews/Reuters
Tags: Poland , GDP

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Romania

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 2.2 per cent

Romania, the 11th largest economy in the European Union, has a GDP of $277.9 billion.

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Image: Two girls ride a water bicycle in a park in Bucharest as temperature reached 36 degrees Celsius in southern Romania.
Photographs: Bogdan Cristel/Reuters

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Spain

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.2 per cent

Spain, which was hit badly by the global economic crisis, has a GDP of $1.34 trillion.

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Image: A view of Barcelona, Spain.
Photographs: Albert Gea/Reuters
Tags: Spain , GDP

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Italy

Expected growth rate in 2013: Minus 1.8 per cent

Projected growth rate in 2014: 0.7 per cent

Italy, which has a high per capita income, has a GDP of $2.01 trillion.

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Image: Tourists use an iPad in front of Rome's ancient Colosseum, Italy.
Photographs: Tony Gentile/Reuters
Tags: Italy , GDP

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The Czech Republic

Expected growth rate in 2013: Minus 0.4 per cent

Projected growth rate in 2014: 1.5 per cent

The Czech Republic, which has an inflation rate of 2.5 per cent, has a GDP of $286.7 billion.


Image: People paddle on their boards on the Vltava river in central Prague, Czech Republic.
Photographs: David W Cerny/Reuters

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