How the Global Economy would Turn around in the Next Three Years

South America

Brazil

2012: 1.4 percent

2013: 3.9 percent

2014: 4.5 percent

2015: 4.5 percent

Citi’s report ‘Global Economic Outlook and Strategy’ has observed that, Brazil is another struggling country that faces both global and domestic factors like high food price inflation, which can disrupt the economy of the same. But, though it is struggling, the GDP is expected to show an appreciable growth in the coming years.

Argentina

2012: 1.5 percent

2013: 3.0 percent

2014: 2.0 percent

2015: 2.0 percent

The Citi group's global report says that the country’s economic indicators are improving, as the industrial production has boosted the economic activities. Though, there are slight concerns over slowing down of auto sales in the country.

Venezuela

2012: 5.0 percent

2013: 3.5 percent

2014: 4.0 percent

2015: 3.0 percent

The report prepared by the team headed by Buiter, notes that the country is looking forward to the presidential elections and the 2012 GDP growth forecast is favorable so far. But it also expects the growth of the country may slowdown in the next few years.