When it comes to market growth, countries around the world have different perspectives on what constitutes a strong performance of the economy. On Wednesday, October 11 the International Monetary Fund (IMF) announced its prediction that India’s growth rate will decrease to 6.7 percent for 2017, compared to a prediction earlier this year of 7.2 percent. This large drop is largely due to Prime Minister Narendra Modi’s implementation of the Goods and Service Tax (GST) and the demonetization of the Indian banknote. If India’s growth rate falls, it would be behind China’s predicted growth rate of 6.8 percent for 2017. Modi has faced backlash and criticism about the effects that these policies have had on India’s economy so far, which is an interesting contrast to the opinions of citizens in developed countries on the progress of their markets’ growth.
globalEDGE Blog - By Tag: mature-markets
In the third installment of the long-term mega trends blog series from globalEDGE we will examine urbanization and its implications for economic growth. Urbanization is taking place across the globe from the developed nations of North America & Western Europe, to some of the poorest places on Earth, including Sub-Saharan Africa and Southern Asia. Each region of the world is urbanizing at different paces and are creating different degrees of economic growth as a result of urbanization. In this blog we will examine how the world is urbanizing and the differences in urban population growth rate/population percentage throughout the world.
The globalEDGE team has added a new market to the Economic Classification section. The mature markets section is brand new and highlights the world's most developed countries, based on the Russell Index Global Guidebook Country Classifications. A statistics section provides data on 17 different fields for each of the mature market countries, allowing users to compare countries with one another along with a market average. There is also a risk comparator tab that allows users to compare credit risk and economic risk among mature market countries. A resource segment is provided to offer access to outside mature and developed market resources. Make sure to check out the mature markets section today, along with the emerging and frontier markets sections under globalEDGE’s economic classification section.