+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This is what GDP growth looks like around the world right now

Jun 2, 2015, 17:31 IST

Although global growth has recovered, it's still sluggish relative to the pre-financial crisis trend.

Advertisement

"Forecasters are only now beginning to feel less optimistic about 2015 growth prospects - with the exception of the eurozone, where data has been surprisingly on the upside," according to HSBC's James Pomeroy.

Europe's been doing well thanks in part to exports and domestic consumption.

And, athough China's slowed down, it's still "well above" G7 growth rates. Along with India, it's been the main driving force behind Asia's GDP growth rates.

On the flip side, Latin America "struggles to keep pace." Brazil pulled LatAm down even further, as the country didn't grow at all in 2014.

Advertisement

As for the US, GDP growth turned negative in Q1, but annual consumption growth is "robust, around 3%," residential investment as bounced back, and the "drag from government spending has receded."

Check out each country's GDP growth year-over-year below.

HSBC

NOW WATCH: Here's how Floyd Mayweather spends his millions

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article