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The 12 Fastest Growing Economies in 2010**
And what is the #1 reason....?
**credit USMB member Meister for finding the article**
Country Growth Rate
1. Qatar 16.4%
2. Botswana 14.4%
3. Azerbaijan 12.3%
4. Republic of Congo 11.9%
5. Angola 9.3%
6. East Timor 7.87%
7. Liberia 7.53%
8. China 7.51%
9. Afghanistan 7.01%
10. Uzbekistan 7.00%
11. Turkmenistan 6.96%
12. Iraq 6.69%
Source: GDP Growth Forecast 2010, EconomyWatch.com Economic Statistics Database
And what is the #1 reason....?
The insatiable demand for energy. That has been the big story for much of this decade. A higher standard of living, cheaper international travel, and the proliferation of electronic gadgets in the western world leads to ever higher per-person energy consumption in advanced economies. As massive countries like China, India and Indonesia grow, their citizens become richer and aspire to the same lifestyle, leading to ever greater energy needs. Countries like Qatar, with the world's largest natural gas reserves, and Azerbaijan with its vast oil fields, have boomed as a result.
**credit USMB member Meister for finding the article**
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