Selected indicators

The impact of the 2008 global financial crisis was heavily reflected through the substantial global recession of 2009, in which annual real GDP growth declined to -2.4 per cent. The world economy improved as of the second quarter of 2009 and reached 4.0 per cent in 2010. Following a slight decrease, the worldwide growth rates of 2011 and 2012 somewhat stabilized, recording respectively 2.8 and 2.6 per cent. The steady 1.3 per cent growth rate of the developed economies in 2011 and 2012 continue to weigh heavily on the worldwide growth rate, which is still being compensated by the developing countries whose economies recorded 6.0 and 5.6 per cent respectively. Furthermore, the Arab region displayed a slight recession in 2012 due to the unstable political situation, and recorded a 4.0 per cent growth rate down from 4.5 per cent in 2011. Nonetheless, despite the political and security situation, the Arab region is still demonstrating a significant economic resilience, as its growth rates exceeded world rates by 1.7 and 1.4 per cent in 2011 and 2012, respectively.

Связанные Темы : Economic and Social Development