Which economic speed is your country?

[danish_vij]

The IMF says world economies are separating into three different speeds:

- China, India growing fastest
- U.S. and Japan have moderate growth
- Europe slowest

Hong Kong (CNN) -- We live in a three-speed economic world, according to the International Monetary Fund. Nations that enjoy the fastest growth include China, India and other emerging countries. Moving at a moderate pace are the United States, finally seeing the light at the end of the 2008 financial crisis tunnel, and Japan, riding a resurgence thanks to Prime Minister Shinzo Abe's vow for a 2% inflation target. But economic growth across most of Europe is still growing at a crawl.

Earlier this month, IMF managing director Christine Lagarde, said this current three-speed world is setting up financial imbalances that could pave the way for future crises. And just this week, against this backdrop of divergent growth rates, the IMF cut world economic growth for 2013 from 3.5% to 3.3%.

But Olivier Blanchard, IMF chief economist, told CNN's Richard Quest that there is reason to be hopeful.

"The reason to be optimistic is to look at what has happened in the U.S. For a while, the question was 'Where is growth going to come from?'. And what you see is nearly 100 flowers blooming,"

"People are becoming more optimistic. The fact that there was no housing construction means that we don't have enough houses, so housing is doing well. Monetary policy is aggressive. People believe it. Banks are improving."

Fast, medium or slow: Which economic speed is your country? - CNN.com

i think brazil will also come in fastest mode...
iran on moderate.....whts ur take on it?

My country had 2,2% economic growth last year,the worst since years but its due to the double dip recession in Europe(Eurozone)
Dont know where it puts us.
Slow i guess.

yeah! europe recession affected growth of india too...a little bit...
dnt knw whether it affected china or not

 

[Chinese-Dragon]

i think brazil will also come in fastest mode...
iran on moderate.....whts ur take on it?

Not really.

BBC News - Brazil economy grew 0.9% in 2012

Brazil is growing at only 0.9%. That's only slightly faster than Europe and slightly slower than America.

 

[danish_vij]

Not really.

BBC News - Brazil economy grew 0.9% in 2012

Brazil is growing at only 0.9%. That's only slightly faster than Europe and slightly slower than America.

sry my bad incomplete knowledge...but dono y i thought f that...sorry

 

[INDIC]

Not really.

BBC News - Brazil economy grew 0.9% in 2012

Brazil is growing at only 0.9%. That's only slightly faster than Europe and slightly slower than America.

Never knew that Brazil is facing low GDP growth. Indian public got used to high GDP growth and they won't be satisfied until we reach back to same high GDP growth.

 

[Chinese-Dragon]

Never knew that Brazil is facing low GDP growth. Indian public got used to high GDP growth and they won't be satisfied until we reach back to same high GDP growth.

Brazil and Russia's economies very much depend on exporting raw materials, i.e. commodities exports.

So they get hit very badly when global demand falls, during a global downturn for example.

Out of the BRICs, China and India have the best prospects for fast sustained growth. China now, and India a bit later.

 

[Audio]

Struggling to put from reverse into neutral......

 

[Kambojaric]

My country had 2,2% economic growth last year,the worst since years but its due to the double dip recession in Europe(Eurozone)
Dont know where it puts us.
Slow i guess.

Well considering the Eurozone is in a deep recession as you said and the bulk of Turkeys exports go to Europe, its hardly surprising the Turkish growth rate stumbled. Explains why Erdogan and co have started looking towards the East over the past few years.

____________

As for Pakistan, a 3.7% growth rate I suppose puts us in the middle. It is nevertheless far below our potential.

 

[UKBengali]

Not really a surprise really.

China is doing well to be growing at around 8% despite the fact that there is a global recession but it does have the advantage of being less developed than high-income countries so still scope for "catch-up" growth

India should have been growing at 8% now but it has ineffective governance at present.

US is still doing well due to the fact that the dollar is still the world's reserve currency, plenty of natural resources including shale gas reserves now and also world-leading companies such as Microsoft, Apple and Intel that have no true competitors.

Lastly, Europe has pretty much had it as it has little natural resources, unaffordable welfare bills and apart from Germany no true world-class companies for export growth.

 

[neehar]

with all the difficulties achieving 3.7% growth rate is a miracle.pakistan is doing well.good days are ahead.

 

[T-123456]

Well considering the Eurozone is in a deep recession as you said and the bulk of Turkeys exports go to Europe, its hardly surprising the Turkish growth rate stumbled. Explains why Erdogan and co have started looking towards the East over the past few years.

____________

As for Pakistan, a 3.7% growth rate I suppose puts us in the middle. It is nevertheless far below our potential.

Pakistans problem is governing thats all,of our trade more then 50% is/was with the Eurozone thats why we are ''slow''.

 

[Koovie]

Bangladesh GDP growth 6.3% in last year

 

[Silverblaze]

Turkey? Really? And on what base?

If you want to ridicule Pakistan, my comments would not convince you.

Anyways, lets try.

Strategic location. Gwadar city, Quetta city, Gilgit city, Karachi - Persian gulf, South Central Asia, Central Asia, South Asia.

Majority of young population.

Strong global diaspora.

So almost everything what is needed to become a power player, but Pakistan needs ten excellent years under a stable leadership which is very difficult to get.

 

[DRAM]

Brazil and Russia's economies very much depend on exporting raw materials, i.e. commodities exports.

So they get hit very badly when global demand falls, during a global downturn for example.

Out of the BRICs, China and India have the best prospects for fast sustained growth. China now, and India a bit later.

South Africa does have decent growth rate which is around 2.5%. So BRICS is doing good on average basis. Does ASEAN have a similar growth rate?

 

[Edevelop]

A developing country like us should show 6% or more! But we have many problems like terrorism and corruption, thats why we have 3.7% and thats not bad either considering the problems we face daily and no FDI too!

I agree those are some problems, but in my view Power shortage is number 1 issue for economy ! We are loosing $5-10 billion annually and lost over 1 million jobs. With Energy surplus, Pakistan's GDP growth rate can at least touch 5-6%. Solve terrorism and corruption, the rate can go even higher.

 

[Skyline]

Sri Lanka - Economy grew by 6.4% in 2012 and expecting 7.5% growth in 2013 but IMF prediction is 6.5% growth in this year.