10 Fastest Growing Nations; India Surpasses US

8. United States

The 1.8 percent trade-weighted average rate, additional barriers such as anti-dumping laws and “Buy American” are certain factors that caused the additional cost of trade making economic growth weak in the United States. The U.S. economy is probable to expand by just 2.1 percent when compared to 2.1 percent growth in 2012.

7. New Zealand

Though the trade-weighted average tariff rate is competitively low at 1.6 percent and non-tariff barriers are nominal, still New Zealand is expected to show a significant expansion of 3.0 percent in 2013. New Zealand’s current spirited economy profits form a strong commitment to open-market policies that facilitate trade and investment. The intense financial sector offers a broad range of financing instruments. The financial system has been stable, and practical regulations allowed banks to endure the global financial turmoil with little distraction.

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