Despite slowing down, China and India continue to contribute more than half of the world's economic growth, a new report by an investment management and advisory services firm has claimed.
What does the report say?
"We expect China will account for more than 40 percent of global growth, with India and the US accounting for about 15 percent each. Until recently, increasing inflation in emerging markets has caused policymakers to raise interest rates and/or reserve requirements in an attempt to slow inflation, with the effort of dampening growth. We expect that process will begin to reverse itself sometime in 2012," the report said.
