Beyond the usual suspects of China, India, the Eurozone, and the U.S., it is interesting to see Indonesia as the next biggest bright spot using this type of analysis.
In fact, the world’s fourth most populous nation will account for 2.5% of global GDP growth over the aforementioned time period, adding another $160 billion to its $941 billion GDP. The World Bank projects growth for the country at 5.3% this year, and 5.5% for the next two years.
The other countries that registered as providing 1% or more of global growth?
They include: South Korea (2.0%), Australia (1.8%), Canada (1.7%), UK (1.6%), Japan (1.5%), Brazil (1.2%), Turkey (1.2%), Mexico (1.2%), Russia (1.0%), and Iran (1.0%).