S&P: Global Growth Is Slowing, But Still Good Historically

12 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6046

Summary:

• China, which accounts for about 15% of global GDP, accounted for 30% of world growth in 2006
• Asia expanded at around 7% last year, while Latin America, which is still recovering from the Argentine economic crisis of 2001 and 2002, grew about 4%
• The U.S., which has been rising at a healthy rate of between 3% and 3.5% expansion of gross domestic product per year, is expected to slow down to around 2.4% this year, Wyss said. Europe and Japan, by contrast, "are speeding up" to around 2% growth this year