25 nations that will see positive or negative growth next year

The world economy will grow by 2.9 per cent this year and 3.6 per cent in 2014, according to the latest estimates from the IMF, says The Economist.

Let’s take a look at some countries that will see positive or negative economic growth next year.

Source: The Economist

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India

Expected growth rate in 2013: 3.8 per cent

Projected growth rate in 2014: 5.1 per cent

The International Monetary Fund has lowered its projection of the country's growth rate to 3.8 per cent in 2013 from 5.7 per cent estimated earlier on account of poor demand and weak manufacturing and services sector performance. It also says India is among the economies that may require more tightening to address inflation pressure, according to PTI.

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China

Expected growth rate in 2013: 7.6 per cent

Projected growth rate in 2014: 7.3 per cent

China, the fastest growing economy in the world, has a GDP of $8.35 trillion.

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Pakistan

Expected growth rate in 2013: 3.6 per cent

Projected growth rate in 2014: 2.5 per cent

Pakistan, which has an inflation rate of more than 7 per cent, has a GDP of $240 billion.

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United States

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.6 per cent

United States, the biggest economy in the world, has a GDP of $16.63 trillion.

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United Kingdom

Expected growth rate in 2013: 1.4 per cent

Projected growth rate in 2014: 1.9 per cent

United Kingdom, one of the biggest financial centres of the world, has a GDP of $2.37 trillion.

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Canada

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.2 per cent

Canada, a major manufacturing hub, has a GDP of $1.83 trillion.

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Australia

Expected growth rate in 2013: 2.5 per cent

Projected growth rate in 2014: 2.8 per cent

Australia, a major exporter of minerals, has a GDP of $1.57 trillion.

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New Zealand

Expected growth rate in 2013: 2.9 per cent

Projected growth rate in 2014: 2.9 per cent

New Zealand, a major exporter of dairy products, has a GDP of $181.1 billion.

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Russia

Expected growth rate in 2013: 1.5 per cent

Projected growth rate in 2014: 3.0 per cent

Russia, which has one of the biggest oil and gas reserves, has a GDP of $2.02 trillion.

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Japan

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 1.2 per cent

Japan, one of the biggest exporters in the world, has a GDP of $5.96 trillion.

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South Korea

Expected growth rate in 2013: 2.8 per cent

Projected growth rate in 2014: 3.7 per cent

South Korea, one of the biggest exporters of electronic goods and automobiles, has a GDP of $1.15 trillion.

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Finland

Expected growth rate in 2013: Minus 0.6 per cent

Projected growth rate in 2014: 1.1 per cent

Finland, one of the richest countries in the world, has a GDP of $247.2 billion.

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Norway

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.3 per cent

Norway, which has one of the largest sovereign funds in the world, has a GDP of $499.8 billion.

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Sweden

Expected growth rate in 2013: 0.9 per cent

Projected growth rate in 2014: 2.3 per cent

Sweden, which has one of the highest standards of living, has an inflation rate of 1.4 per cent.

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Iceland

Expected growth rate in 2013: 1.9 per cent

Projected growth rate in 2014: 2.1 per cent

Iceland, which was hit badly by the 2008 global economic crisis, has a GDP of $13.04 billion.

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Denmark

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

Denmark, one of the richest countries in the world, has a GDP of $313.82 billion.

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France

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

France, a major economic powerhouse in the world, has a GDP of $2.60 trillion.

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The Netherlands

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.3 per cent

The Netherlands, a major exporter of dairy products, has a GDP of $709.5 billion.

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Germany

Expected growth rate in 2013: 0.5 per cent

Projected growth rate in 2014: 1.4 per cent

Germany, one of the biggest economic powerhouses in the world, has a GDP of $3.57 trillion.

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Switzerland

Expected growth rate in 2013: 1.7 per cent

Projected growth rate in 2014: 1.8 per cent

Switzerland, one of the wealthiest nations in the world, has a GDP of $362.4 billion.

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Poland

Expected growth rate in 2013: 1.3 per cent

Projected growth rate in 2014: 2.4 per cent

Poland, which was badly hit by the 2008 global economic crisis, has a GDP of $799.2 billion.

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Romania

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 2.2 per cent

Romania, the 11th largest economy in the European Union, has a GDP of $277.9 billion.

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Spain

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.2 per cent

Spain, which was hit badly by the global economic crisis, has a GDP of $1.34 trillion.

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Italy

Expected growth rate in 2013: Minus 1.8 per cent

Projected growth rate in 2014: 0.7 per cent

Italy, which has a high per capita income, has a GDP of $2.01 trillion.

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The Czech Republic

Expected growth rate in 2013: Minus 0.4 per cent

Projected growth rate in 2014: 1.5 per cent

The Czech Republic, which has an inflation rate of 2.5 per cent, has a GDP of $286.7 billion.