Bloomberg News

China, India to Contribute Most to 2012 World Growth, BofA Says

November 02, 2011

Nov. 2 (Bloomberg) -- China will continue to contribute the most to world growth next year followed by India, T. J. Bond, chief economist for Asia Pacific at Bank of America Corp. said.

China will contribute about 30 percent to world growth in terms of purchasing power parity, Bond said at a briefing in Beijing today. The nation will account for about 35 percent of global expansion this year, he said.

Emerging Asia has become the pillar of growth for the world economy, he said.

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