Global Economic Prospects 2012: Uncertainties and Vulnerabilities
High Income Countries GDP by Year The World will outpace the higher income countries and areas from 2011 through 2013. The USA is forecast to outperform the OECD, Japan, and the Euro Area from 2011 through 2013. However, the USA will underperform the World average. Japan is forecast to dip into a -0.9% recession in 2011 as a result of the catastrophic earthquake, tsunami, and nuclear crisis. The Euro Area is forecast to drop into a recession (-0.3%) for 2012.
BRIC Countries GDP by Year China continues to lead BRIC and the World, but at a slowing pace. India continues in second with Brazil overtaking Russia. All 4 BRIC countries are projected to outperform the World average.
World GDP by Year Developing Countries continue to lead the World and High Income Countries.
Global Economic Prospects 2012 (Jan 13, 2012) Beijing, January 18, 2012 -- Developing countries should prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, says the World Bank in the newly-released Global Economic Prospects (GEP) 2012.
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