For example, GDP growth in the United States rose slightly toward the end of the year 2016, 3.5% from the previous 3.2% earlier in the year, after the Federal Reserve raised interest rates. Meanwhile, GDP growth in the UK is still under 1% and expected to drop slightly in the coming months due to the Brexit poll. These relatively small figures can be seen across Europe in countries like Germany, France, Belgium, etc. and in others like Japan.
On the other hand, developing nations are showing excellent economic growth, and Africa, in particular, is showing great promise this year. There are various reasons for the difference in GDP growth rates, among them: