Jun
18

GDP Down to Earth

The US is 22% of world GDP, the Euro zone 18%, Brazil, Russia, India and China (the BRICs) about 20% and the rest of the world the other 40%. As for growth in calendar year ‘12, the BRICs should hit 6%, China alone might hit 8.5%, the US will, if all goes well, hit 2.5% and the Euro zone will shrink by a tad. Hopefully, other planets are doing better.

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