The Second China-Latin America and the Caribbean Think Tanks Forum is being held five years after the start of the subprime crisis. The worst and longest since 1930s, the crisis has been largely concentrated in industrialised countries.
The eurozone will remain in recession in 2013 and its 2014 GDP will remain below its 2007 level. In 2014, Germany's GDP will exceed only 4 per cent of its 2007 level, while that of the United States will be 8 per cent more than what it was seven years ago. This dynamism pales in comparison to China's GDP, which in the same year will be 81 per cent more than the 2007 figure.
For the rest of the decade, industrialised economies will continue facing low growth and high unemployment, while developing economies' growth rate will double or be more than that of industrialised economies.