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The year has also experienced the emergence of new economy, notably, China, India and Brazil.
However, the IMF has expected that the global expansion, while still solid, will likely be weaker than earlier expected; the balance of risks has shifted to the downside with further oil price volatility a particular concern. While progress is being made, it is generally limited; leaving the world significantly more vulnerable to the shocks it will inevitably face in the future. In all, the world economy has strong economic prospects and steadily grow in the next 5 years.
Economic Outlook
To gain a clear perspective on the direction of these countries, we analyzed several important economic indicators: real GDP growth, long term and short term interest rates in the US...
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