Europe’s 10 fastest growing economies

Because Prime Minister David Cameron is trying to conclude a reform agreement in Brussels, all the problems of economics, society and politics occupy an important position of the agenda.

Economic growth and competitiveness are still the foundation of negotiations because the crisis in the euro zone remains fresh for the eyes of Europeans. However, the data from the European Commission shows a positive advance in the EU's economic growth in 2016

This map is based on the European Commission 's winter economic forecast of 2016 and shows the forecast of the EU' s GDP growth rate next year.

Last year Ireland's growth rate reached record high of 9%. This is also the strongest growth forecast of this year. According to the report of the committee, GDP growth rate in 2016 is 5%.

In some countries, such as Malta, Luxembourg, Poland, growth rates of 3-4% are anticipated.

The overall situation is promising and most countries in the EU are expected to experience positive growth. Although only the Greek economy is expected to shrink, the outlook for Finland is only 0.5% of growth.

Before negotiations, David Cameron urged the EU to introduce a competitive "hard wired".

He said at the World Economic Forum Annual Meeting in 2016, "First of all, it is about competitiveness." He believes that improving competitiveness is beneficial not only in the UK but also throughout Europe.

The World Economic Forum's World Competitiveness Report from 2015 to 2016 has ranked Switzerland in Europe for the seventh consecutive year and the most competitive economy in the world. Germany and the Netherlands completed the three biggest economies in Europe

There is a positive situation as a future claim of the EU. However, as European leaders emphasized Davos, strengthening the long-term economic future in the euro area is facing difficulties.

First of all, I would like to review the current situation in Ireland. The Irish economy is one of the fastest growing economies in Europe. By 2016 Ireland is expected to be the fastest growing EU economy. According to new preliminary data from the Central Statistics Office (CSO), GDP has grown by 8%, the fastest growth rate since 2000. "Ireland is considered one of the preferred destinations for UK financial companies who wish to hold so-called financial companies, which allows them to" passport "the right to conduct transactions with the EU I will. Appearing, staff staff will be able to do. "

According to the report of the International Monetary Fund, Ethiopia is one of the fastest growing economies in the world and the economic growth rate from 2004 to 2009 is over 10%. It is the fastest growing non-oil dependent African economy in 2007 and 2008. In 2015, the World Bank emphasized that the economy of Ethiopia has grown rapidly, with an average GDP growth rate of 10.9% between 2004 and 2014. In 2008 and 2011, Ethiopia's growth performance and considerable development interests were challenged with high inflation and difficult balance. Payment status With moderate monetary policy, wages of civil servants soared rapidly in early 2011, food prices remained high, and in August 2011 the inflation rate soared to 40%. The year-end inflation rate for the year ending December 2011 is expected to be around 22%, unit and inflation will be achieved in 2012/13 and strict financial and fiscal policies will be implemented.

Seven of the world's fastest growing economies are African countries. According to a 2010 report by consulting firm McKinsey & Company, in the first decade of this century, Africa's foreign return on investment was higher than in any other region. The International Monetary Fund (IMF) predicts that Africa will grow faster than Asia. The amount of trade between China and Africa is correspondingly increasing. In 2012, the amount of trade reached US $ 198.5 billion, compared with US $ - US $ 108.9 million in US-African trade expected to further decline.