Top 10 Upcoming World Economies

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6. France


France holds the sixth position among largest world economies with a GDP of $2.56 trillion. The economy of France shrank by 0.3 percent in the second quarter of the year. However, the gross domestic product grew by 0.1 per cent in the third quarter of 2008. A 0.5%percent fall of the French economy has been forecast by the International Monetary Fund in 2009.


7. Italy


Italy is the 7th largest economy in the world with a GDP of $2 trillion. The Italian economy shrank in the third quarter of 2008 for the second consecutive quarter. Its GDP fell by 0.5 per cent before a quarter, after a revised drop of 0.4 per cent in the second quarter.


8. Spain


With a GDP of $1.42 trillion, Spain is the eighth largest economy. It got trapped under a recession for the first time in 15 years. The economy of Spain fell for the first time since 1993. While the gross domestic product of Spain fell 0.2% in the third quarter from the second quarter, it rose 0.9% from the third quarter a year earlier.


9. Canada


Canada is the 9th largest economy in the world with a GDP of $1.32 trillion. In the next 2 quarters Canada is expected to register negative growth. The unemployment rate of Canada is set to hit a high of 7.4 per cent in 2009.


10. Brazil


With a GDP of $1.31 trillion, Brazil is the 10th largest economy in the world. Brazil is also badly hit by recession. Its industrial output fell by 6.2 per cent in November. Brazil’s unemployment rate dropped to its lowest point in seven years.

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