The fastest growing economies 2012 is seeing are surprisingly not the ones you would expect to show up in the list˳ This time United States and several nations in Europe are going through challenging economic times˳ But some countries have soaring economies˳ Not all of them are rich though˳
Niger
Niger depends on other countries for economic aid˳ One of the poorest nations on the world suffers from droughts˳ Despite economic hostility, the population grows steeply˳ However, you will be surprised to learn that recent prognosis speak of a seemingly strong future, as Niger has expanded its resource base of gold, coal, and oil˳ The GDP forecast for 2012 is $7˳38 billion˳ Niger sees a GDP growth of 15˳4%˳
Iraq
Economists say that Iraq is doing well˳ Its economy shows rapid recovery in spite of the political and social instability˳ The country expects a GDP growth of 10˳5% in 2012˳ This growth comes from increased export of oil and high energy prices˳ The GDP forecast for 2012 is $128 billion˳
Angola
Angola’s GDP growth is 10˳496% and its GDP forecast for 2012 is $1˳32 billion˳ The government aims to restructure the industrial sector˳ With funding from the IMF and World Bank, Angola may be able to pull off economic reforms, improve infrastructure, and enhance commerce˳ The country is known for its petroleum and diamonds, which make up 90% of its GDP and export˳
Liberia
Unlike the previous two African countries mentioned, Liberia is well-off˳ Its strong relations with the United States stimulated close trade˳ Economic climate changed in the 1980s, but things started to do better in 2006˳ In 2012, the GDP growth is 10˳496%˳
China
It’s not surprising to see China in this list˳ China’s economic liberalization and modernization led to development˳ China’s rise in the economic rank inspired awe among other developing and some developed nations˳ Today, China becomes one of the top and important trading partners of other rich nations˳ While the GDP growth is 9˳52%, the expected GDP for 2012 is $7,209˳42 billion˳
Haiti
The Haiti Hemispheric Opportunity was signed in 2006 with the aim of ameliorating export and investment˳ This was supposed to be a good partnership with the USA, but a series of tropical storms in 2008 caused an economic setback˳ Then, the 2010 earthquake worsened the economic conditions˳ Nonetheless, these natural calamities did not stop Haiti from seeing economic boon˳ Expected GDP for 2012 is a little over 9 billion dollars and the GDP growth is 8˳8%˳
East Timor
Timor-Leste boasts one of the highest economic growth rates in 2012 in spite of the challenges in infrastructure civil government, and employment˳ What augments government revenue is the development of hydrocarbon resources, but even this development does little to solve unemployment˳ Nonetheless, the 2012 GDP growth is 8˳63%˳
Ethiopia
The economy of this country is under the control of its government-the only African government that doesn’t approve of privatization˳ Ethiopia is blessed with fertile soil˳ The 2012 GDP prognosis is 32˳3 billion dollars˳ GDP growth has been noted at 8˳02%˳
India
The second most populous country in the world has one of the fastest growing economies in 2012˳ Apparently, the large pool of talent is one of India’s strengths˳ Moreover, the opportunities for economic growth in the coming years seem to be everywhere˳ The GDP forecast of $1˳858˳9 billion is awesome˳
Mozambique
Mozambique’s economy started to take a leap forward shortly before the 90s˳ Macroeconomic reforms today have had a positive influence on the economy˳ The GDP forecast for 2012 is $12˳9 billion˳
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