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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