In what is a further testament to the strength and durability of emerging markets, the World Bank on Wednesday said that the projected global economic growth of 3.1 per cent in 2018 will largely be driven by these economies.
In its first report of the year, the World Bank said global growth is up from 3 to 3.1 per cent for the first time in nearly a decade, and that in the emerging markets alone the forecast for 2018 is 4.5 per cent.
It pointed to renewed global optimism for the first time since the financial crisis of 2008 and said that 2017 produced better-than-expected growth margins in key economies.
It said much of this was due to central banks in these countries and economic zones become less accommodative in policy-making.
China and India, both key BRICS members, continue to lead the world in economic growth with a 2018 forecast of 6.4 and 7.3 per cent, respectively.
You can read the rest @
http://thebricspost.com/financial-crisis-over-world-bank-says-but-risks-remain/#.WlZHUq6nGpo
Also read this:
https://www.weforum.org/agenda/2016/06/when-will-india-have-more-people-than-china/
It's not too late for the rest of us to make peace with China and India. When we do, of course, we'll have to find a way to survive that does not involve stealing resources from the rest of the world.
By the way, if China does stop buying US treasuries and/or dumps the ones they have, the end is nigh:
https://www.bloomberg.com/news/articles/2018-01-10/china-officials-are-said-to-view-treasuries-as-less-attractive
Dear Trump et al. - It's time to eat crow and make friends.
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