It’s all about India and China

It should come as no surprise but it is still shocking.  The world GDP growth is primarily driven by two countries.  According to a recent article in the Economist (Sept. 17th issue), the world economy grew by 2.7% in Q2 of 2016 compared with the year before.  China grew at 6.7% and India at 7.1%  Together, these two large economies counter for 63% of the global growth.  Considering their links to other emerging markets, how they influence demand, commodity prices, and trade in other countries, their broader impact is a lot more than the simple 63% weighted average pull.

 

Additional resources:

World Bank GDP data for download.

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