World Economic Situation and Prospects 2018

 

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World Economic Situation and Prospects 2018, the world economy move upwards with Asian regions the prime mover with global peace picks,trade matures,infra expenditure rise the innovations picks up mitigate global financial crisis. In 2017, global economic growth reached 3 % he highest growth rate since 2011, growth is expected to remain to tread in acceleration progression for the coming year. The global economic situation provides better economical and trade in regional or eco- grouping an opportunity for countries to enhance their socio-eco cum political strategic policy towards longer-term on issues that of alternative intelligence, sustainable growth with low carbon emission, faster economic growth, mitigating inequalities with better education and health for all, economic diversification and eliminating deep-rooted poverty,politico and social shortcomings that hinder development.
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Asian countries and Argentina, Brazil, with developing economies remain the main drivers of global growth. During 2017, East and South Asia accounted for nearly half of global growth, as both regions continue to expand at a rapid pace. The Chinese economy alone contributed about one-third of global growth during the year

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