Harvard study predicts growth in Spain will be the biggest in Eurozone

Average growth rate of 3.7 per cent per annum predicted for Spain.

New growth projections presented earlier this month by Harvard University forecast that with an average growth rate of 3.7 per cent per annum up until 2023, Spain will top the league table in the Eurozone, ahead of Italy with an average increase in GDP of 2.3 per cent…

Using their own economic models and indicators, the Center for International Development (CID) at the Cambridge, Massachussetts Ivy League college studied a total of 127 countries worldwide, with their projections based on newly-released 2013 global trade data as well as The Atlas of Economic Complexity – an online tool whose accuracy is said to be ten times greater than the World Economic Forum’s Global Competitiveness Index.

Published earlier this month by El Economista – Spain’s leading financial portal – the CID’s new growth projections also predict for 2023, the rise of India, Pakistan and East Africa, a slowdown for China, a US growth rate of just 2.4 per cent, and the fall of oil economies.