Labels: The State of the Industry

Global economy

Despite the ongoing impacts of the global economic crisis, world GDP is set to grow this year at 2.4 percent, with much of that growth centered in the world's emerging economies, particularly China (7.5 percent), India (6.9 percent), and Brazil (3.3 percent). These are healthy growth rates—but they have slowed significantly over recent years, reflecting the slowdown in exports to the struggling developed markets of North America and Europe, as well as the implications of the lack of financial controls governing inflation in many 'young' economies.