Emerging economies to grow in 2013

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A recent Organisation for Economic Cooperation and Development (OECD) predicts China’s economy to rebound and grow at 8.5% in 2013 and 8.9% in 2014. Brazil, India, Indonesia, Russia and South Africa economies are also set to grow. The report, which is a twice-yearly analysis of the major economic trends and prospects for the next two years, argues that rising domestic consumer demand and public investment in housing and infrastructure will fuel China’s growth.

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