 | « Back to article | Print this article |
25 nations that will see positive or negative growth next year
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
Click NEXT to read more…
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.
Click NEXT to read more...
25 nations that will see positive or negative growth next year
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.