Biggest contributors to world growth
On the face of things, forecasts for global economic growth display little of interest. The world economy is expected to expand between 3 and 4 per cent a year until the next decade, a rate within spitting distance of the average pace of global growth over the past 40 years.
Yet boring headlines hide very interesting trends beneath the surface. While growth was centred in the advanced world in the 1970s, 1980s and 1990s, more recently it has moved to emerging economies, regardless of how much concern there should be about their current fragility.
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