Current data received from the financial markets has largely confirmed recent findings and predictions. The global economy continues to expand rapidly and ‘The Economist’ world GDP indicator rose by 5.3% in the second quarter. Looking at the low rate of expansion in Europe and the slow down in the USA, for which the GDP growth rate was revised to 2.5%, it is easy to see the extent to which global growth is presently being driven by the emerging market, in particular by the BRIC countries (Brazil, Russia, India and China) where growth is still around double digit figures.

Share this story: