Bridgewater: Developed World Bigger Contributor To Global Economic Growth

Aug 14 2013 | 9:17am ET

Developed countries are contributing more to global economic growth than emerging markets for the first time since the financial crisis, according to Bridgewater Associates.

The hedge fund giant estimates that the developed world accounts for about 60% of global growth, or 2.01 percentage points, compared to just 1.43% for the emerging world. The last time that the developed world held a lead was in the middle of 2007.

The economic revivals—uninspiring though they may be—of the U.S. and Japan, coupled with slowdowns in the major emerging countries, notably China, are seen as the drivers of the change, The Wall Street Journal reports.

Bridgewater's estimate is based on an estimate of current growth rates, rather than on official numbers.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note