The World Bank has just released their latest report on the global economic growth and they are predicting very positive things for all of us in the coming year. We know that most people are worried about the possibility of a recession, which we have recently seen in the United States. But, now that you know that your financial state is not at risk, you may focus your attention on other areas. There are many other areas that can affect global economic growth and if you are aware of them, you will be able to take advantage of them to make some money.
One of those is tourism. This seems like a strange topic when you talk about global economic growth, but it actually goes hand-in-hand. If more people know about the wonderful places in Asia and other parts of the world that they can visit, then perhaps they will decide to take a trip there. We all know that the cost of travel is becoming much more affordable, which means that more people can travel as often as they want. If this occurs, then there will be more money in the world to share. Let's hope that this brings more tourists to our country.
Another area that is predicted to be very strong in the next year is the alternative energy field. This seems like an area that will always be there, but it will only gain attention now. There are so many problems and issues with fossil fuels, but it would seem that alternative energy could be a huge help. With the global economic growth rate, it is possible that the price of gas will reach $7 a gallon soon enough.
One last area that is predicted to be very strong in the global economic growth rate is education. With more people trying to get a higher education, this means that the economy will grow at a great rate. Those who have not been to college yet are going to benefit from this because they will have better jobs and more opportunities with their education.
A few other predictions in the global economic growth rate include a slowing in the growth of China, America is losing its role as the world's dominant power, and a slowdown in Europe. All of these areas are very possible, but what does it mean? Well, the first thing that it means is that the United States is not recession proof. There is no secret that we have been experiencing slowdowns in all of our past economic growth, but it is also true that many economies around the world have suffered after recessions.
It is still believed that the United States has the strongest economy in the world. However, we are not recession proof, just like everyone else. That does not mean that the global economic growth rate will be low either. The main concern for many is the possibility of job losses due . . . . . . to economic downfalls. If things continue to go south for the United States, we will start to see fewer good jobs in our country.