Global Growth Slows But US Outperforms; India, China Lead Developing Economies
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The global economy is recovering from COVID-19 and the war in Ukraine, but growth is slowing down. The US is outperforming other advanced economies.
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India, China, Tanzania, Rwanda, and Bangladesh saw high average real GDP growth rates between 6-7% in the last 10 years.
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Tourism-reliant economies like Seychelles, Maldives, and Malta also saw strong growth over 5-6% in the last decade.
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Uzbekistan, Vietnam, Guinea, and Niger are among other countries with average real GDP growth over 5% from 2012-2022.
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Major American companies like Amazon, Walmart, and eBay continue to drive economic growth through investments and global expansion.