Advanced economies led global economic growth prior to the financial crisis with "emerging" and "developing" economies lagging behind. The crisis completely overturned this relationship. The International Monetary Fund found that "advanced" economies accounted for only 31% of global GDP while emerging and developing economies accounted for 69% of global GDP from 2007 to 2014. In the tables, the names of emergent economies are shown in boldface type, while the names of developed economies are in Roman (regular) type. COUNT 5
QSN1 Who led global economic growth after the financial crisis? ANS1 "emerging" and "developing" economies QSN2 How much global GDP did emerging and developing economies account for from 2007 to 2014? ANS2 69% QSN3 What relationship between advanced and emerging/developing was completely overturned by the financial crisis of 2007? ANS3 global economic growth QSN4 How much global GDP did "advanced" economies account for from 2007 to 2014? ANS4 31% QSN5 What economies led global economic growth prior to the financial crisis? ANS5 Advanced economies