Global Economic Outlook:

Global output rose by 5.2% in 2007, led by China (11.4%), India (8.5%), and Russia (7.4%). The 14 other successor nations of the USSR and the other old Warsaw Pact nations again experienced widely divergent growth rates; the three Baltic nations continued as strong performers, in the 8%-10% range of growth. And continuing the trend of growth in the global economy, 2007 verified the ultimate emergence of the United States of America as the only world economic and military superpower.

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