Global economic growth drivers

 · The forecast for China, the world's second biggest economy and a driver of global growth, remained unchanged at percent. - 'Sizeable uncertainty' -.  · The origins of many of the changes sweeping the global economy can be traced to two sources: trade and technology. Trade is a driver of prosperity.  · Rapid urbanization is shifting the locus of global economic power. Between and , the world’s fastest growing 25 metropolitan economies were all located outside the United States and Author: Bruce Katz.

However, the market will witness recovery in the year , and it is expected to reach an estimated $ billion by with a CAGR of % from to The major drivers for growth in this. Drivers of Global Competitiveness and Economic Growth Luìs Farinha (Castelo Branco Polytechnic Institute of Portugal, Portugal), Joaquim Borges Gouveia (University of Aveiro, Portugal) and Sara Nunes (Castelo Branco Polytechnic Institute of Portugal, Portugal). Most emerging markets have young populations and a growing middle class. Both of these attributes are also growth drivers for an economy as the number of people earning an income continues to grow. Another growth driver for developing economies is infrastructure development.

In its December economic outlook, the Organisation for Economic Co-operation and Development (OECD) projects an unemployment rate of around 7% in its. Simon Kuznets, Modern Economic Growth Driver: development of efficient (economic) development in an evolving global economy. During –, developing Asia was fully preoccupied with overcoming the adverse impact of the global financial and economic crisis. The collapse of global.