Is the Worst of the Global Recession Over? Not Quite.
by Worldwatch Institute on Mar 10, 2014 | Views: 323 | Score: 3
| Percent Increase in Gross World Product | |
|---|---|
| 2010 | 6.35 |
| 2011 | 5.67 |
| 2012 | 4.85 |
Sources:
worldwatch.org
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by Worldwatch Institute on Mar 10, 2014 | Views: 323 | Score: 3
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The gross world product is the sum of the GDPs of all countries, which typically includes levels of consumption, investment, government spending, the cost of imports, and the proceeds from exports. Gross world product, while nearly 5% in 2012, has actually been on the decline, and emerging economies' total GDP has become about equal to all advanced economies' GDP.