The latest global projections of the International Monetary Fund indicate that in 2020-2021, China will account for the absolute majority, 51%, of world growth, and the US for only 3% – and the latest IMF predictions for the US indicate that this may be an exaggeration of its growth. Most of the other contributors to world growth according to the IMF analysis will be Asian economies that have strong trading relations with China: South Korea, Indonesia, the Philippines, Vietnam and Malaysia.

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