Global economic growth changes drivers, not gears

This post reviews the latest IMF data on global economic growth to 2015 and puts it in the context of what has happened since 1980. In real terms, the global economy will reach $100 trillion by 2015, more than three times its 1980 level. What might surprise Westerners, however, is that the pace of economic growth will actually be faster in the period 2008-2015 than the 1980s, 1990s or pre-Recession 2000s. This is because while growth is slowing in the West, which now contributes to the list of world’s slowest growing economies like never before, it’s accelerating across Asia and Africa.

Which countries have been displaced most by the global recession? The Russia effect

This post examines global economic growth and investigates which parts of the world have been knocked out of their economic stride by the 2008/2009 recession. It finds that, just as there was a China effect in who has rebounded fastest this year, there has been a Russia effect – or certainly a post-Soviet effect – looking at those economies worst hit. Both findings highlight the importance of regional and continental economic links, even in a globalised world.

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