The forecasted growth for G7 nations presents a mixed but mostly modest outlook, with the United States leading at 2.7%. Canada follows with a growth rate of 1.2%, while Japan, France, and Italy are expected to grow under 1%. The UK and Germany show particularly subdued growth prospects at 0.5% and 0.2%, respectively.
BRICS Nations Show Stronger Growth:
In contrast, the BRICS nations are expected to see more robust growth. India tops the chart with a predicted rise of 6.8%, closely followed by Ethiopia at 6.2%, and China at 4.6%. Other nations like the UAE, Iran, Russia, Egypt, and Saudi Arabia also show growth rates exceeding those of most G7 countries.
Global Economic Growth Rate:
The combined global economic growth rate is expected to average around 3.2%.
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