Friday, January 13, 2012

12 Fastest Growing Economies for 2012,

1. Niger
One of the poorest countries in the world, Niger’s economy is highly dependent on economic aid. Frequent droughts, desertification, lack of funding and strong population growth have undercut the economy’s performance.
But in the nation’s economic future looks strong, given its expansive resource base of oil, gold, coal and other minerals.
2012 GDP Forecast: $7.38 billion
GDP Growth: 15.4%

2. Iraq
Iraq’s economy is recovering fast. Despite constant threats to its political, social and economic stability, Iraq still expects its GDP to grow by 10.5 percent in 2012 – largely on the back of increased oil exports, and high energy prices – after growth of just 1 percent in 2010.
2012 GDP Forecast: $128.094 billion
GDP Growth: 10.568%

3. Angola
In the year 2000, the government initiated major economic reforms to restructure Angola’s industrial sector. The IMF and World Bank have in recent years funded strategic reforms to boost the infrastructure and business environment in Angola.
Petroleum and diamonds are the major industries in Angola, contributing to more than 90 percent of the country’s GDP and export volume.
2012 GDP Forecast: $1.32 billion
GDP Growth: 10.496%

4. Liberia
Throughout history, Liberia has been rated as one of the most prosperous economies in all of Africa – primarily because of strong cultural relations with America, as well as close trade. Unfortunately, in 1980 this changed dramatically due to a military coup.
The good news is that in 2006, Liberia’s GDP started to turn around. Coupled with favourable climate and a significant mineral reserve, Liberal is forecasted to enjoy double-digit growth in 2012.
2012 GDP Forecast: $1.32 billion
GDP Growth: 10.496%

5. China
China’s economic liberalisation, massive labour pool, rapid modernisation and development has the envy for much of the developing world.
Today, China is ranked amongst the top trading partners for other major world economies and continues to attract a high level of foreign investments.
Looking at the China’s GDP forecast for 2012, China’s on an unstoppable path of economic development.
2012 GDP Forecast: $7,209.42 billion
GDP Growth: 9.52%

For more information visit - http://www.economywatch.com/slideshow/12-fastest-growing-economies-for-2012.18-11.html?slide=13

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