World Bank predicts big changes

In the next 15 years, six emerging markets including Brazil, China, India, Indonesia, South Korea and Russia will give more than half of the global economic growth and the international financial system is no longer will be ruled by only one currency – says the World Bank in its “World Market Outlook for 2011 – Multipolarity: The new global economy” booklet, that was published on Tuesday.

The World Bank predicts, that the developing countries will expand by an annual average of 4.7 percent in the period between 2011 and 2025. Meanwhile, the developed countries will grew by 2.3 percent. The organization emphasizes, that the euro area states, Japan, the United Kingdom and the United States will continue to occupy a central place in the global growth – reports tozsdeforum.hu.