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Major trends in the global economy

2013 was the most difficult year faced by the global economy since the financial and economic crisis in 2008-2009. According to the IMF, global GDP growth slowed from 3.1% in 2012 to 3.0% in 2013. The GDP of developed countries increased by 1.3% (1.4% in 2012), while the GDP of developing countries increased by 4.7% (4.9% in 2012).

Dynamics of global GDP and global trade, % to the previous year

Global GDP growth
in 2013

according to IMF estimates presented in January 2014
The growth rate of global goods and services trade remained at the 2012 level
according to IMF estimates presented in January 2014

The growth rate of world trade goods and services remained at the level of 2012 - 2.7%.

The global situation noticeably improved in the second half of 2013, aided by stabilisation in the Chinese economy, acceleration of economic growth in the USA and the eurozone showing signs of recovery. During 2013, developed countries took the lead in economic development over developing countries.

According to experts, the USA had the greatest influence on global economic recovery during 2013, as it enjoyed stable economic growth and the enhancement of numerous macroeconomic indicators.