Russia, Brazil and Nigeria: Bloomberg has called the country with the rapid growth of the economy. Infographics
If to speak about global economic growth, but this year we can expect more good news because there is already a noticeable recovery in the largest economies of Latin America, the rise in the United States and the invincibility of stability in China and India.
It is expected that 62 economy of the world will have a tendency to improve compared to last year in that time, 33 countries are expected to decline. These data derive from analysis of recent forecast by Bloomberg. In the top of the list — Argentina and Brazil, two countries that took a course with the decline in growth. Next to them is the energy exporters Nigeria and Russia. Their growth is associated with a jump in oil prices in January 2016 after 13-year low.
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If the growth of Russia’s GDP in 2016 amounted to -0.3% percentage points, while in 2017 this figure, according to the forecast, will amount to 1.1. Accordingly, the change in growth Russia yoy in 2017 will amount to 1.4 percentage points.
As for Ukraine, the change of the growth rate on an annual basis, as of 2017 it predicts Bloomberg pretty mediocre — 0.5 percentage points along with 1.4 percentage points of Russia, 1,0 — Hungary and Latvia, 0,7 — USA. However, the same rate as the Ukraine (an increase of 0.5 percentage points) will receive such countries as UAE, Bosnia and Herzegovina, Lithuania, Mozambique and Uruguay.
Less for Ukraine, the growth rate on an annual basis, will be Poland (0,4), Turkey and the Czech Republic (0.3) and Romania (-1,1).
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However, Venezuela, which showed the highest economic growth of 7.5 percentage points from 2016 to 2017, still has to deal with a deep economic crisis, along with high inflation and food shortages.
But Brazil, which can be considered exemplary in 2017, showed an increase in the time, as she was recovering after its biggest recession for a century. Overshadowed by the biggest corruption scandal in history, which led to the impeachment of President Dilma Rousseff, Brazil now benefits from rising commodity prices at the time, as acting President Michel Temer is trying to strengthen the country’s finances and increase the activity of the private sector.
Similar dynamics is observed in Argentina, where growth this year should accelerate by more than 5 percentage points, but most likely, he kompensiruet due to the high level of inflation.
Some countries still do not have reasons to celebrate. In Iceland the growth, as indicated by the forecast, in 2017 will drop to 4% from 7.1% in the previous year. The same situation will be observed in Romania, which flooded the protests in Spain, with its unemployment and one of the targets of the U.S. President Donald trump Mexico.
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The United States are on the path of economic growth to 2.3%, at the same time, emerging market giants, namely China and India will continue to make the world envy them due to the growth of 6.5% or more from each of them, even if they expect minimal slowdown compared with the year 2016.
Projected growth rates in South Africa can be misleading, because in South Africa there is little sign of economic strength, but there is more indication of how bad was 2016 for the country, given the historic drought and labor strikes throughout the country.
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Meanwhile, the major economies of Europe need to prepare for the weakening of their already weak growth, including the United Kingdom, which is about to start negotiations for the country’s exit from the EU. However, in this part of the world has its own “star of growth” — France, which in 2017 will determine the future hold for the history of European elections.
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