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This article was first published 11 years ago

25 nations that will see positive or negative growth next year

October 14, 2013 08:36 IST

Image: A woman carries bags of white brinjal at a wholesale vegetable market in Ahmedabad.
Photographs: Amit Dave/Reuters

The world economy will grow by 2.9 per cent this year and 3.6 per cent in 2014, according to the latest estimates from the IMF, says The Economist.

Let’s take a look at some countries that will see positive or negative economic growth next year.

Source: The Economist

Tags: IMF , Letrsquo

25 nations that will see positive or negative growth next year

Image: Tourists walk past a currency exchange shop at a shopping arcade in New Delhi.
Photographs: Anindito Mukherjee/Reuters

India

Expected growth rate in 2013: 3.8 per cent

Projected growth rate in 2014: 5.1 per cent

The International Monetary Fund has lowered its projection of the country's growth rate to 3.8 per cent in 2013 from 5.7 per cent estimated earlier on account of poor demand and weak manufacturing and services sector performance. It also says India is among the economies that may require more tightening to address inflation pressure, according to PTI.

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25 nations that will see positive or negative growth next year

Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters

China

Expected growth rate in 2013: 7.6 per cent

Projected growth rate in 2014: 7.3 per cent

China, the fastest growing economy in the world, has a GDP of $8.35 trillion.

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Tags: China , GDP

25 nations that will see positive or negative growth next year

Image: Brokers monitor the market from their booth during a trading session at the Karachi Stock Exchange, Pakistan.
Photographs: Akhtar Soomro/Reuters

Pakistan

Expected growth rate in 2013: 3.6 per cent

Projected growth rate in 2014: 2.5 per cent

Pakistan, which has an inflation rate of more than 7 per cent, has a GDP of $240 billion.

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Tags: Pakistan , GDP

25 nations that will see positive or negative growth next year

Image: People make their way along the boardwalk in Coney Island in the Brooklyn Borough of New York, United States.
Photographs: Keith Bedford/Reuters

United States

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.6 per cent

United States, the biggest economy in the world, has a GDP of $16.63 trillion.

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25 nations that will see positive or negative growth next year

Image: A view of Hamleys toy shop in London, United Kingdom.
Photographs: Luke MacGregor/Reuters

United Kingdom

Expected growth rate in 2013: 1.4 per cent

Projected growth rate in 2014: 1.9 per cent

United Kingdom, one of the biggest financial centres of the world, has a GDP of $2.37 trillion.

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25 nations that will see positive or negative growth next year

Image: A view of Eaton Centre in Toronto, Canada.
Photographs: Stringer/Reuters

Canada

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.2 per cent

Canada, a major manufacturing hub, has a GDP of $1.83 trillion.

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Tags: Canada , GDP

25 nations that will see positive or negative growth next year

Image: Lunchtime crowds flood into the Pitt Street Mall in Sydney's city centre, Australia.
Photographs: Will Burgess/Reuters

Australia

Expected growth rate in 2013: 2.5 per cent

Projected growth rate in 2014: 2.8 per cent

Australia, a major exporter of minerals, has a GDP of $1.57 trillion.

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25 nations that will see positive or negative growth next year

Image: People buy fruits in Wellington, New Zealand.
Photographs: Jacky Naegelen/Reuters

New Zealand

Expected growth rate in 2013: 2.9 per cent

Projected growth rate in 2014: 2.9 per cent

New Zealand, a major exporter of dairy products, has a GDP of $181.1 billion.

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25 nations that will see positive or negative growth next year

Image: A woman crosses Dvortshovaya Square (Palace Square) in central StPetersburg during a snowstorm, Russia.
Photographs: Alexander Demianchuk/Reuters

Russia

Expected growth rate in 2013: 1.5 per cent

Projected growth rate in 2014: 3.0 per cent

Russia, which has one of the biggest oil and gas reserves, has a GDP of $2.02 trillion.

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Tags: Russia , GDP

25 nations that will see positive or negative growth next year

Image: Pedestrians walk across a zebra crossing in Tokyo, Japan.
Photographs: Stringer/Reuters

Japan

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 1.2 per cent

Japan, one of the biggest exporters in the world, has a GDP of $5.96 trillion.

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Tags: Japan , GDP

25 nations that will see positive or negative growth next year

Image: A subway station in the Gangnam area of Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters

South Korea

Expected growth rate in 2013: 2.8 per cent

Projected growth rate in 2014: 3.7 per cent

South Korea, one of the biggest exporters of electronic goods and automobiles, has a GDP of $1.15 trillion.

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25 nations that will see positive or negative growth next year

Image: Tourists take part in the reindeer safari at Arctic Circle near Rovaniemi, northern Finland.
Photographs: Kacper Pempel/Reuters

Finland

Expected growth rate in 2013: Minus 0.6 per cent

Projected growth rate in 2014: 1.1 per cent

Finland, one of the richest countries in the world, has a GDP of $247.2 billion.

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Tags: Finland , GDP

25 nations that will see positive or negative growth next year

Image: Royal Palace at the end of Karl Johans Gate in Oslo, Norway.
Photographs: Suzanne Plunkett/Reuters

Norway

Expected growth rate in 2013: 1.6 per cent

Projected growth rate in 2014: 2.3 per cent

Norway, which has one of the largest sovereign funds in the world, has a GDP of $499.8 billion.

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Tags: Norway , GDP

25 nations that will see positive or negative growth next year

Image: A view of Stockholm, Sweden.
Photographs: Ints Kalnins/Reuters

Sweden

Expected growth rate in 2013: 0.9 per cent

Projected growth rate in 2014: 2.3 per cent

Sweden, which has one of the highest standards of living, has an inflation rate of 1.4 per cent.

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Tags: Sweden

25 nations that will see positive or negative growth next year

Image: Children skate on the ice of the frozen Tjoernin lake in central Reykjavik, Iceland.
Photographs: Stoyan Nenov/Reuters

Iceland

Expected growth rate in 2013: 1.9 per cent

Projected growth rate in 2014: 2.1 per cent

Iceland, which was hit badly by the 2008 global economic crisis, has a GDP of $13.04 billion.

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Tags: Iceland , GDP

25 nations that will see positive or negative growth next year

Image: A man fishes near the Oresund bridge, which links the city of Malmo in Sweden to Copenhagen, the capital of Denmark, and has a total length of 7,845 metres.
Photographs: Radu Sigheti/Reuters

Denmark

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

Denmark, one of the richest countries in the world, has a GDP of $313.82 billion.

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Tags: Denmark , GDP

25 nations that will see positive or negative growth next year

Image: An aerial view shows the Sacre Coeur Basilica and rooftops of residential buildings on Montmartre in Paris, France.
Photographs: Charles Platiau/Reuters

France

Expected growth rate in 2013: 0.1. per cent

Projected growth rate in 2014: 1.2 per cent

France, a major economic powerhouse in the world, has a GDP of $2.60 trillion.

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Tags: France , GDP

25 nations that will see positive or negative growth next year

Image: A rootop view of Amsterdam from SkyLounge on the 11th floor of the DoubleTree by Hilton Hotel in Amsterdam, the Netherlands.
Photographs: Michael Kooren/Reuters

The Netherlands

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.3 per cent

The Netherlands, a major exporter of dairy products, has a GDP of $709.5 billion.

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25 nations that will see positive or negative growth next year

Image: Tourists Caro and Anna from Munich lie in a bed mounted to a rental bike as they ride along Friedrichstrasse in central Berlin, Germany.
Photographs: Thomas Peter/Reuters

Germany

Expected growth rate in 2013: 0.5 per cent

Projected growth rate in 2014: 1.4 per cent

Germany, one of the biggest economic powerhouses in the world, has a GDP of $3.57 trillion.

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Tags: Germany , GDP

25 nations that will see positive or negative growth next year

Image: Girls sit on a bench on the banks of the Rhine River, in front of the old town of the northern Swiss city of Basel, Switzerland.
Photographs: Arnd Wiegmann/Reuters

Switzerland

Expected growth rate in 2013: 1.7 per cent

Projected growth rate in 2014: 1.8 per cent

Switzerland, one of the wealthiest nations in the world, has a GDP of $362.4 billion.

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25 nations that will see positive or negative growth next year

Image: A view of the Palace on Water in Warsaw's Lazienki Park, Poland.
Photographs: Peter Andrews/Reuters

Poland

Expected growth rate in 2013: 1.3 per cent

Projected growth rate in 2014: 2.4 per cent

Poland, which was badly hit by the 2008 global economic crisis, has a GDP of $799.2 billion.

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Tags: Poland , GDP

25 nations that will see positive or negative growth next year

Image: Two girls ride a water bicycle in a park in Bucharest as temperature reached 36 degrees Celsius in southern Romania.
Photographs: Bogdan Cristel/Reuters

Romania

Expected growth rate in 2013: 2.0 per cent

Projected growth rate in 2014: 2.2 per cent

Romania, the 11th largest economy in the European Union, has a GDP of $277.9 billion.

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25 nations that will see positive or negative growth next year

Image: A view of Barcelona, Spain.
Photographs: Albert Gea/Reuters

Spain

Expected growth rate in 2013: Minus 1.3 per cent

Projected growth rate in 2014: 0.2 per cent

Spain, which was hit badly by the global economic crisis, has a GDP of $1.34 trillion.

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Tags: Spain , GDP

25 nations that will see positive or negative growth next year

Image: Tourists use an iPad in front of Rome's ancient Colosseum, Italy.
Photographs: Tony Gentile/Reuters

Italy

Expected growth rate in 2013: Minus 1.8 per cent

Projected growth rate in 2014: 0.7 per cent

Italy, which has a high per capita income, has a GDP of $2.01 trillion.

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Tags: Italy , GDP

25 nations that will see positive or negative growth next year

Image: People paddle on their boards on the Vltava river in central Prague, Czech Republic.
Photographs: David W Cerny/Reuters

The Czech Republic

Expected growth rate in 2013: Minus 0.4 per cent

Projected growth rate in 2014: 1.5 per cent

The Czech Republic, which has an inflation rate of 2.5 per cent, has a GDP of $286.7 billion.