China, the US and India were responsible for 80% of global growth in the first three months of 2015

[AMDR]

Powerhouses....

http://www.economist.com/news/economic-and-financial-indicators/21654018-world-gdp

Global GDP growth was sluggish in the first three months of 2015, remaining at 2.7% year on year for a second consecutive quarter. Growth in the world economy has become increasingly reliant on just three countries: China, the United States and India were responsible for nearly 80% of global growth in the first three months of the year. The euro area’s slow recovery has continued; the 19-country bloc experienced 1.1% year-on-year growth in the first quarter of 2015 compared with 0.9% in the previous quarter. Leaving aside China and India, emerging markets struggled in the first quarter. They contributed less than 13% of global growth, the smallest proportion since late 2009.

 

[AMDR]

please elaborate more.......

Its "The Economists" article, not mine. I didn't write it.

 

[Kyusuibu Honbu]

For 2013, India's GDP was 2.4% of World GDP.

Greater GDP share in future will lead to greater contribution in World's GDP growth.

 

[TimeTraveller]

Powerhouses....View attachment 230442
View attachment 230441 http://www.economist.com/news/economic-and-financial-indicators/21654018-world-gdp

Global GDP growth was sluggish in the first three months of 2015, remaining at 2.7% year on year for a second consecutive quarter. Growth in the world economy has become increasingly reliant on just three countries: China, the United States and India were responsible for nearly 80% of global growth in the first three months of the year. The euro area’s slow recovery has continued; the 19-country bloc experienced 1.1% year-on-year growth in the first quarter of 2015 compared with 0.9% in the previous quarter. Leaving aside China and India, emerging markets struggled in the first quarter. They contributed less than 13% of global growth, the smallest proportion since late 2009.

But still it is less...............

 

[ito]

please elaborate more.......

I think what the article is trying to say is that: Let us say at the beginning of the year the size of the world's economy is $100 billion and if by the end of march the world's economy grew by $10 billion to become $110 billion, 80% of that $10 billion growth comes from three economies: India, US and China

 

[soundwave1987]

If the number is accurate, 80% of the global growth came from only 3 countries, then another recession may be looming ahead. International market is critical to both China, US, and India, without worldwide economic recovery, I'm afraid the remaining powerhouse may lose power in the long run

 

[Götterdämmerung]

I didn't want to create a new thread and don't know where to put these videos.

They are interviews and lectures from an Indian guy, Jayant Bhandari, who gives his frank remarks, views and opinon about India, China and the US that are vastly different than how Indians view their country.

Enjoy!

 

[Nicky G]

What's the historic trend? Obviously, more countries contributing to growth would be ideal but has that ever really happened?

As a side note, BRICS is gone. Russia is reeling under sanctions and Brazil has it own problems. Someone at GS needs to coin a new term.