It isn’t just Europe that’s still suffering from the repercussions of the 2008-2009 recession. Global GDP growth slowed to 3.2 percent in 2012 and will likely fall further, to 2.9 percent, in 2013, according to estimates from the Conference Board Global Economic Outlook 2013.
In 2012, advanced economies grew at a third of the pace of the global average -- just 1.1 percent. This number is expected to rise slightly, to 1.2 percent, mostly because European economies are expected to grow by 0.3 percent in 2013, unlike in 2012, when European economies contracted by 0.2 percent.
Long-term economic growth will be driven by emerging economies such as China, India and Brazil, according to the report.
Here’s a map of estimated average GDP growth from 2013 to 2018 in 55 economies:
Here’s a chart that looks at GDP projections for 2013-2018 and 2013-2025:
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