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World GDP

19 Jan

The world’s growth continued to slow in the third quarter of last year, according to The Economist‘s measure of global GDP, based on 52 countries. Global growth fell by 0.4 percentage points from the previous quarter to 2.4%, its lowest level since the end of 2009. Emerging economies accounted for four-fifths of global GDP growth. Developed countries, weighed down by a slow recovery in America and the ongoing euro crisis, contributed a little. The coming year is expected to be much the same. The three economies forecast to contract the most in 2013 are all euro members (Greece, Portugal and Spain), while the fastest growers (Macau, Mongolia and Libya) are all emerging economies. See more on 2013 forecasts here.

World GDP

Source: The Economist

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Clinton assures Japan on islands, invites Abe to U.S. in February

19 Jan
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United States (US) Secretary of State Hillary Clinton (right) gestures during a joint news conference with Japan’s Foreign Minister Fumio Kishida after their meeting at the State Department in Washington on Jan 18, 2013. Mrs Clinton assured Japan on Friday of US support in Tokyo’s dispute with Beijing over a string of islands. — PHOTO: REUTERS Continue reading

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