Nebojša Katić, a London-based economic analyst, speaks about the challenges and risks for the developing countries
The phenomenal rise of China over previous years also marked 2015, as it has marked every year for the last few decades. Along with that, there is also the Great Recession, which has lasted since 2007 and continues today. The growth is enormous and hard to fathom: China’s economy in 1980 was a mere 2.3 per cent of the world economy and was worth 10 times less than the U.S. economy. Now it is bigger than the economies of the EU and the U.S., and accounts for 18 per cent of the world economy.
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