The 20 Fastest Growing Economies In The World

Again, one might want to see the bigger picture behind what's happening around the globe.

From Business Insider:

According to the International Monetary Fund, there is a 1 in 6 chance that global growth dips below 2% in 2013, which would throw advanced economies back into a recession.

But the IMF’s recently released World Economic Outlook, which includes economic growth forecasts for 185 countries, wasn’t completely negative.

We selected 20 countries with the highest projected compounded annual growth rate (CAGR) from 2013 through 2017, based on the IMF’s estimates.

None of these countries are located in the Western Hemisphere – all are from Africa or Asia – which underscores that global economic growth will be driven by emerging markets and developing economies.

A cautionary note – this isn’t a list of the world’s best economies, or countries with the highest standards of living. Many of these countries start with extremely low levels of GDP, and as such have an easier time attaining a high growth rate over this selected period.

Some features of these countries:

• 10 are found in Sub-Saharan Africa, 8 in Asia (2 from the Commonwealth of Independent States), and 2 from the Middle East/North Africa;
• 10 are underdeveloped, as evidenced by little infrastructure and mass subsistence farming;
• 8 rely upon oil or gas as a key export; and
• 7 have law and order, corruption, or security issues as impediments to growth.

http://www.businessinsider.com/worlds-fastest-economies-2012-10#