World GDP

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Britain’s one-party state












The world economy grew by 2.7% in the second quarter of 2016 compared with a year earlier, according to our estimates. China’s second-quarter GDP grew at an annual rate of 6.7%, largely because of government stimulus that helped shore up demand. Growth slowed in India, but a 7.1% expansion was still the fastest of any big economy. Together, China and India accounted for 63% of global growth. The United States also saw its growth slow, to a year-on-year rate of 1.2%, after business inventories fell for the first time in nearly five years. Britain’s GDP grew by 2.2%, up from 2% in the prior quarter, suggesting that uncertainty in the run-up to the Brexit referendum in June did not much affect the economy.


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Published: 


20160917





Source: 


The Economist Newspaper





Version: 


6




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