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​Kazakhstan among 10 economies that 'will be world's worst performers' - Bloomberg

July 3 2015, 10:44

Image 0Ukraine will finish 2015 as the biggest loser in global growth, according to forecasts of economists surveyed by Bloomberg.

The conflict-battered eastern European nation will see its gross domestic product contract 4 percent in the fourth quarter from the same time in 2014, the worst of 47 economies polled by Bloomberg in April through June. The ill fortune will be shared by neighboring Russia, where GDP will shrink 3.5 percent by year-end amid international sanctions and depressed oil revenue. Here's how those two stack up among the 10 biggest GDP losers:

Rounding out the dismal 10 were Croatia, Serbia, Italy and Kazakhstan. Kazakhstan, whose biggest trading partner is Russia, is now expected to grow 1.2 percent, having plunged from the 3.6 percent economists projected three months ago.

On the other end of the scale, Vietnam joins emerging economies India and China for the three fastest-growing economies by year-end.

Source: bloomberg

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