GDP forecasts for 2013

Data Source: The Economist

 

If one looks at the GDP forecasts made for 2013 by International Monetary Fund (IMF), China and India still top the table. That is not really surprising. But as per the Economist, what is interesting to note is that the IMF has been compelled to lower its growth forecasts for most of the countries over a period of 6 months. As a result, the world economy is expected to grow by 3.3% in 2013. Despite endless money printing measures by the central bankers in the developed world, growth in these countries will remain tepid at best. Plus although relatively speaking, growth in China and India still looks good; both these countries have problems back home to deal with meaning that it would take som e time for growth to revert back to pre-crisis levels.