Resilience in developing economies is cushioning the current slowdown in the United States, with real GDP growth for developing countries expected to ease to 7.1 percent in 2008. At the same time, high-income countries are predicted to grow by a modest 2.2 percent, says the World Bank in its recently released Global Economic Prospects 2008 (GEP 2008) report.
For its part, Turkey experienced a slowdown in GDP growth from 6.1% in 2006 to 5.1% in 2007, but this year a moderate rebound to 5.4% growth is expected
Global Economic Prospects 2008 Launch and Discussion
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