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Home ECONOMY Global Economy Forecast To Grow 2.5% This Year

Global Economy Forecast To Grow 2.5% This Year

Among innovative markets, growth is predicted to slow to 1.4percent annually, but emerging market and developing economies are expecting to determine growth of 4.1 percent.

The outlooks contain:

East Asia and Pacific: The area is estimated to determine a growth of 5.7percent this season with China projected to increase 4.9%.

Europe and Central Asia: Economic expansion is likely in 2.6percent this year with 3 percent increase in Turkey and 1.6% increase in Russia.

Latin America and the Caribbean: Economic expansion is expected to be 1.8percent this past year. Brazil is forecast to see growth of 2 percent, and Mexico is expected to see growth of 1.2percent

Middle East and North Africa: Regional economic development of 2.4percent is expected this year on greater investment and more powerful business environments.

South Asia: Economic growth for this year is expected in 5.5 percent.

Sub-Saharan Africa: Regional growth is forecast to pick up to 2.9percent this year.

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Sallie Anderson
Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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