Global economy in Q3, 2012 has slowed down

There is no doubt that the global economy has slowed down considerably in the September 2012 quarter. While the developed world (US, Europe and Japan) is still grappling with recession, growth in emerging economies (India, China, Russia and the like) has slowed down. Having said that, as today's chart of the day shows GDP growth in India and China in Q3, 2012 was still much better when compared to its developed peers. China, which had been enjoying 8% plus GDP growth in the past, saw growth falling below this level in the September 2012 quarter.