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While the United States and Europe are going through tough economic times, primarily due to spiraling debt, there are some countries, including India and China, that are poised to post impressive growth numbers.
Let us have a look at 12 fastest growing economies in 2012.
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India
GDP forecast in 2012: $1,858.9 billion
GDP growth: 7.82 per cent
World ranking: 9
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Niger
GDP forecast in 2012: $7.38 billion
GDP growth: 15.4 per cent
World ranking: 1
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Iraq
GDP forecast in 2012: $128.094 billion
GDP growth: 10.568 per cent
World ranking: 2
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Angola
GDP forecast in 2012: $1.32 billion
GDP growth: 10.49 per cent
World ranking: 3
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Liberia
GDP forecast in 2012: $1.32 billion
GDP growth: 10.49 per cent
World ranking: 4
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China
GDP forecast in 2012: $7,209.42 billion
GDP growth: 9.52 per cent
World ranking: 5
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Haiti
GDP forecast in 2012: $9.21 billion
GDP growth:8.8 per cent
World ranking: 6
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Timor Leste
GDP forecast in 2012: $0.807 billion
GDP growth:8.63 per cent
World ranking: 7
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Ethiopia
GDP forecast in 2012: $32.3 billion
GDP growth: 8.02 per cent
World ranking: 8
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Mozambique
GDP forecast in 2012: $12.9 billion
GDP growth: 7.80 per cent
World ranking: 10
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Afghanistan
GDP forecast in 2012: $19.1 billion
GDP growth: 7.47 per cent
World ranking: 11
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Zambia
GDP forecast in 2012: $21.8 billion
GDP growth: 7.38 per cent
World ranking: 12