GDP Growing Fastest in Poor Countries

The world's poorest regions have been growing the fastest for at least twenty years. The Economist forecasts world GDP to be 2.9%, Asia and Australasia (less Australia) at 5.7%, and Sub-Saharan Africa at 4.5%. These rates indicate a considerable slowing of growth from recent years. The US forecast is 3.2%. This is more evidence that global inequality is shrinking, even though inequality within many nations is increasing. As the bottom of the economic ladder rises, so does the distance between the bottom and the top. A recent article forecasted that there would be no poor nations by 2050. I think that is likely. See: Gauging growth in 2015