15 Iunie 2010
Top 10 countries that will lead the global recovery
Many middle-income emerging economies will become a whole new motor for the global economy, according to an AT Kearney study.
10. Thailand
Bangkok Government said the economy has risen in the first quarter 2010 by 12%. For the whole year, Thailand projects a 3.5% increase.
World Bank has raised its GDP growth forecast for 2010 in East Asia and Pacific, the first tor recover from the global crisis to 8.7% from 7.8%.
9. Argentina
Argentina’s GDP could grow 7% in 2010, as the effects of the financial crisis have started to fade away. In 2009, the Gross Domestic Product increased by 0.9% in Q1-Q2 period 2010, with quarterly growth of 1.9% - 2.6%.
8. Iran
7. Taiwan
In the first quarter this year, Taiwan’s economy increased by 13.27% year-on-year, the steepest growth rate in 32 years.
The economic growth driven by exports and private investments has exceeded the 10.66% outlook and was the second successive quarter of growth after five quarters of economic contraction.
6. Saudi Arabia
Saudi Arabia’s economy grew faster than estimated, buoyed by private sector performance.
Analysts expect Saudi Arabia’s GDP to grow this year by 4.2% despite the April decline.
5. Indonesia
In 2009, the country’s economy increased by 4.5%, one of the three Asian recession-proof countries that posted growth in GDP.
Jakarta Government said it expects an economic growth of 5.8% this year, and 6.4% in 2011.
Indonesia’s economy will grow 6% in 2010 due to the improved investment climate and good fiscal and monetary policy management, International Monetary Fund said.
4. Poland
Poland’s economy, the only European country that dodged recession will rise 2.75% this year, and 3.25% in 2011, according to International Monetary Fund estimates.
In 2009, Poland recorded an economic growth of 1.7%, according to preliminary data.
3. Turkey
Turkey’s GDP dropped 4.7% in 2009, but the country emerged from recession in the fourth quarter of the year, with 6% economic growth. Turkey’s economy could increase by 6% this year, more than Ankara officials’ estimates of 3.5%, and the country’s current account deficit could be partially covered.
Turkey has weathered recession with minimal risks, as no bank in the country went bust in the previous years.
2. South Korea
Analysts expect the economic growth to remain positive in the second quarter, should exports and production keep the same growth rate.
1. Mexico
Mexico’s economy improved in the first quarter this year, driven by external demand that encouraged exports, although production dropped quarter-on-quarter.
In the first quarter this year, Mexico’s GDP swelled 4.3% year-on-year, but contracted 0.35% quarter-on-quarter. Mexico authorities predict an annual economic growth of 5% after 6.5% contraction in 2009.