UPS Market Vision September- Industrial Manufacturing | Page 7

European Nations

1.6%

China remains high with a 6.3% growth rate

ASEAN Economies 5.0%

Africa's Least Developed Countries (LDC) 4.0%

The rate of world manufacturing growth is expected to increase by 2018 due to a steady improvement of the recovery process in industrialized economies, especially in Europe, and a relatively higher growth rate in developing and emerging industrial economies.

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