S. Korea Along with 5 Other Emerging Economies Will Account for More than Half of Global Growth by 2025

The World Bank’s ‘Global Development Horizons 2011-Multipolarity’ report released on Tuesday showed the World Bank predicts S. Korea, Brazil, China, India, Indonesia, and Russia to help drive growth in lower income countries through cross-border commercial and financial transaction.

The 6 emerging economies including S. Korea will account for more than half of all global growth by 2025.

The report forecasted that as a group, emerging economies will grow on average by 4.7 percent a year between 2011 and 2025 while advanced economies such as the U.S., Europe, Japan and etc, will see a growth of 2.3 percent over the same period.

The global financial institution said advanced economies will still remain in the global economy with the Euro region, Japan, the United Kingdom, and the United States playing a core role in fueling financial global growth.

(아주경제 이수지 기자)

Park Sae-jin swatchsjp@ajunews.com