Papua New Guinea's economy is expected to expand by 15 per cent in 2015, nearly twice as fast as any other nation. Aris Messinis / AFP
Papua New Guinea's economy is expected to expand by 15 per cent in 2015, nearly twice as fast as any other nation. Aris Messinis / AFP
Papua New Guinea's economy is expected to expand by 15 per cent in 2015, nearly twice as fast as any other nation. Aris Messinis / AFP
Papua New Guinea's economy is expected to expand by 15 per cent in 2015, nearly twice as fast as any other nation. Aris Messinis / AFP

Business

GDP growth forecast for 2015 — graphic

The world economy is expected to grow by 2.9 per cent this year, according to data from the Economist Intelligence Unit.

Hussain Al Moosawi

January 10, 2015

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The world economy is expected to grow by 2.9 per cent this year, according to data from the Economist Intelligence Unit. This is a rise on 2014 when world GDP was estimated to have increased by 2.5 per cent. Leading the growth in the developed world will be America - with a growth forecast of 3.3 per cent. However, developing economy Papua New Guinea is expected to put in the best show of all, expanding by 15 per cent - that’s nearly twice as fast as any other nation.

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