The last few years have witnessed the rapid growth not just of the Chinese economy but in particular of the Chinese state owned enterprises (SOEs).

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Energy is only one area where the rapid growth of China's economy is having an effect on shipping and cargo rates.

ECONOMIST: On a roll

Meanwhile, a shortage of well-qualified college graduates has become one of the biggest threats to the continued rapid growth of India's services and other industries, and hence to the booming economy.

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Mr. Frampton sees faster-growing, prettier Christmas trees as critical to the state's agricultural economy, which is reeling from the decline of tobacco and from rapid suburban growth.

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An inflation pinch, attributable to rapid growth hitting up against the constraints of a still hidebound economy, led the central bank to tighten monetary policy.

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Rapid consumption growth in a fully stretched economy raises the risks of inflationary pressure yet further.

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He tamed hyperinflation, opened up the economy and launched two decades of rapid economic growth.

ECONOMIST: A victory for the rule of law

"Very misleading" was one of the nicer terms Chief Financial Officer Richard Rawson used to describe our article, which suggested Administaff would have trouble maintaining its rapid growth pace given that 40 percent of its revenue comes from the oil-blighted Houston economy.

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"The rapid recovery of the BRICS economies from the financial crisis highlighted their role as growth drivers of the global economy, " Singh said.

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The rapid dissemination of innovation through the economy via spill-over effects has a hugely positive impact on economic growth, he says.

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