Nigerian Times

8 Nov 2011 16:00 Africa/Lagos Global Growth to Lose Momentum Emerging Economies Will Account for Much of the Slowdown PR Newswire NEW YORK, Nov. 8, 2011 NEW YORK, Nov. 8, 2011 /PRNewswire/ -- World growth will slow to about 3 percent per year on average, until at least the middle of the next decade, The Conference Board reports today. Global growth is projected to grow at 3.2 percent in 2012, accelerate to 3.5 percent from 2013-2016, and then show a further slowdown to 2.7 percent from 2017-2025, according to The Conference Board Global Economic Outlook. The report provides projections for output growth of the world economy for 2012, 2013-2016, and 2017-2025, including 12 major regions and about 50 advanced and emerging economies. At 3 percent, on average, global growth will still be somewhat higher than the period 1980-1995, but between half and a full percentage point below the growth rate from 1995-2008. A recovery in advanced economies will be more than offset by a gradual slowdow...

President Barack Obama may need more Champagne, because things are not so rosy for majority of Americans. Photo Credit: Redif . 2 Nov 2011 21:31 Africa/Lagos U.S. Ranks 10th In Global Prosperity Index - Falls Behind China In Economic Rankings U.S. scores high on measures of public health and entrepreneurial environment but falls behind China in economic rankings LONDON, November 2, 2011/PRNewswire/ -- A new study ranks the U.S. 10th out of 110 countries in a worldwide assessment of wealth and quality of life. Norway, Denmark, and Australia lead the rankings. China improved on economic indicators - moving ahead of the U.S. for the first time - and places 52nd overall. The Legatum Prosperity Index(TM) ( http://www.prosperity.com) provides the world's only global assessment of national prosperity based on both wealth and well-being. The Index assesses 110 countries (accounting for over 93% of the world's population and 97% of the world's GDP) and ranks them based on their perf...