The fastest growing economy in 2015 will be China - study

Date: 14:02, 26-02-2015.

Almaty. February 26. Silkroadnews - The fastest growing economy in the world in 2015, according to research by Bloomberg, will be China, reports rbc.ru.
According to the study, second and third place in the list of the fastest growing economies occupied the Philippines and Kenya. GDP growth in both countries next year will exceed 6%. Philippines analysts count as one of the main beneficiaries of lower oil prices. Regarding Kenya, there a high rate of economic growth still accompanied by very high levels of poverty and unemployment.
Also the top five includes India and Indonesia with GDP growth of more than 5%. As highlighted, the top five countries in 2015 will provide 16% of global GDP growth.
The largest economy in Africa - Nigeria - in 2015 will grow by 4.9%. The top ten fastest growing countries included Malaysia, whose GDP fell against the backdrop of cheap oil, Peru, Thailand and the United Arab Emirates.
The US economy is forecasted to grow at 3% and does not enter the list of the fastest growing economies. UK economy in 2015 will show an increase of 2.6%.
On average, the global economy in 2015 will grow by 3.2% and in 2016 - 3.7%. In the previous two years, global GDP growth was 3.3%. Totaly Bloomberg analyzed the economy of 57 countries.

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