India is predicted to grow more than 7% in 2016, with modestly accelerating growth rates in 2017 and 2018. Russia and Brazil are both expected to have GDP declines in 2016 and recover slightly in 2017. The U.S. and EU are expected to have modest real growth rates over the next three years.
However, economic growth forecasts continue to be revised down. A year ago, economists expected the U.S. to grow 2.8%. India's forecast has remained mostly unchanged over the past year.