ZAMAN DAILY NEWSPAPER: Europe with Turkey will be economic Power House

ZAMAN DAILY NEWSPAPER: Europe with Turkey will be economic Power House

The EU with 29 members would cover 3,86 percent of the world's area, have 8,92 percent of the world's population and 22,94 percent of the world's income. The US follows the EU, which is the biggest economy in the world, with $10 trillion 614 billion. China, which has been growing at an extraordinary speed is third rank with $6 trillion 435 million and Japan became the fourth by $3 trillion 641 million. India, which has been outpaced by China for 40-50 years though it is also growing steadilyat about 5-6 percent with $3 trillion 68 billion, is fifth. Brazil, which was a symbol of instability for its rapid booms and busts is sixth with $1 trillion 322 billion and seventh is Russia, which faced a big economic crisis in 1990s but recovered recently with $1 trillion 279 million.