To 15 World’s Largest Economies

According to the list of countries of the world sorted by their gross domestic product (GDP), These are the year 2007 figures, released by the World Bank.

1. United States
2. Japan
3. Germany
4. China
5. United Kingdom
6. France
7. Italy
8. Spain
9. Canada
10. Brazil
11. Russian
12. India
13. South Korea
14. Mexico
15. Australia

India GDP growth Forecast

Here is the India’s GDP growth forecast for 2008-09 by major financial and research institutions including International Monetary Fund (IMF).

GDP GROWTH FORECAST FOR INDIA: 2008-09

Forecast (in %)

  • IMF - 7.9%
  • ADB - 8.0%
  • UNESCAP - 9.0%
  • Citigroup - 7.7%
  • Deutsche Bank - 8.4%
  • Morgan Stanley - 7.0%
  • JP Morgan Chase - 7.0%
  • HSBC - 7.0%
  • UBS - 8.2%

India’s GDP growth to slow down to 8%, Asian Development Bank outlook

Growth of Asia’s developing economies will slow in 2008 to the weakest level in five years, but it need to tackle inflationary pressures ,the Asian Development Bank said Wednesday in its annual economic outlook.

ADB annual economic outlook projected Indian economic growth to moderate 8 % this fiscal from 8.7 % in 2007-08 and economy will rebound to 8.5 % growth rate during 2009-10.

Japan Revises Economy Growth

Japan, the world’s second-biggest economy cut its economic growth forecast for the quarter ended December 2007, but the revised rate was still better than expectations.

Analysts had expected annualized growth in the quarter of 2.3%. Japan revised its assessment of the GDP growth in the fourth quarter of last year to an annualized 3.5% from a preliminary estimate of 3.7%.

Japan’s economy grew at 0.9% in the October to December period,  according to recent official data.

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