This article was first published 12 years ago

Global growth: Nations that lead the race

Last updated on: January 24, 2013 07:56 IST

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Image: A view of Indonesia's Central Bank building in Jakarta.
Photographs: Supri/Reuters.

China and India are still at the top among the fastest growing economies in the world. But growth for both is slowing down when comparing their projected growth to the historical three-year average, says a PricewaterhouseCoopers study.

India is struggling with domestic reforms and China's exports have been hit by slower demand from global trade partners.
The 2.4% annual growth rate in the US, the biggest economy, is accelerating but susceptible to disruption.

Here's a look the centres of opportunity in 2013, according to PricewaterhouseCoopers.

Three countries fall in the category of 'Growing and Accelerating'.

Indonesia

Average growth rate (2013-2015): 6.2%

Advanced economies projected to be smaller than emerging economies in 2013 for first time since reliable records began.

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ChinaIndiaIndonesiaUS
Image: An image is projected on the towers of the National Congress during Culture Week in Brasilia.
Photographs: Ueslei Marcelino/Reuters.

Brazil

Average growth rate (2013-2015): 4%

Emerging economies will be in the 'driving seat' of global growth in 2013.

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Image: A man walks past the Johannesburg Stock Exchange building in Sandton.
Photographs: Siphiwe Sibeko/Reuters.

South Africa

Average growth rate (2013-2015): 3.6%

South Africa is accelerating when compared to its historical three-year average growth rates.

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South Africa
Image: Workers shape a snow sculpture prior to the annual Vasaloppet China Ski Festival at Jingyuetan Park in Changchun.
Photographs: China Daily/Reuters.

China

Average growth rate (2013-2015): 7.3%

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China
Image: People ride their bicycles under overhead power cables, against the backdrop of multi-story residential apartments at Gurgaon.
Photographs: Ahmad Masood/Reuters.

India

Average growth rate (2013-2015): 6.6%

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Photographs: Ahmad Masood/Reuters.

Saudi Arabia

Average growth rate (2013-2015): 4.2%

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Image: A general view of Levent financial district which comprises leading Turkish company headquarters and popular shopping malls, is seen from a highway in Istanbul.
Photographs: Osman Orsal/Reuters.

Turkey

Average growth rate (2013-2015): 5.1%

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Turkey
Image: People walk past a Lotte Shopping mall in Seoul.
Photographs: Lee Jae-Won/Reuters.

South Korea

Average growth rate (2013-2015): 3.6%

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South Korea
Image: The Angel of Independence is seen near a building of HSBC in Mexico City.
Photographs: Edgard Garrido/Reuters.

Mexico

Average growth rate (2013-2015): 3.7%

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Image: A pedestrian walks past a window display at a shopping mall in central Moscow.
Photographs: Denis Sinyakov/Reuters.

Russia

Average growth rate (2013-2015): 3.8%

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Photographs: Krzysztof/Wikimedia Commons.

Poland

Average growth rate (2013-2015): 3.4%

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Poland
Image: Melbourne.
Photographs: Diliff/Wikimedia Commons.

Australia

Average growth rate (2013-2015): 3.1%

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Photographs: Andrew Bardwell/ Wikimedia Commons.

Canada

Average growth rate (2013-2015): 2.3%

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Image: New York.
Photographs: Dschwen/Wikimedia Commons.

United States

Average growth rate (2013-2015): 2.4%

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United States

Photographs: Thomas Wolf/Wikimedia Commons.

Germany

Average growth rate (2013-2015): 1.3%

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Germany

Photographs: Taxiarchos228/ Wikimedia Commons.

France


Average growth rate (2013-2015): 1.2%

 

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Photographs: Cors/Wikimedia Commons.

Japan

Average growth rate (2013-2015): 0.9%

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Japan
Image: London.
Photographs: Aurelien Guichard/ Wikimedia Commons.

United Kingdom

Average growth rate (2013-2015): 2.1%

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Photographs: Hanselpedia/ Wikimedia Commons.

The Netherlands


Average growth rate (2013-2015): 1.1%

 

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Photographs: Macnolete/Wikimedia Commons.

Ireland

Average growth rate (2013-2015): 2.2%


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