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Latest Economic Developments 2012Q4

At the time this issue is written, the debt crisis in Europe continues to be crucially important, as has a lot of influence on the World economy. Economic growth in several countries which have for long become engines that kept the rest of the world humming, are today facing uncertainty. Amidst such global economic uncertainty, the International Monetary Fund (IMF) predicted global economic growth of 3.3 % 2012, which is the lowest since 2009. However, IMF predicts a slight improvement in 2013 when the world economi will register 3.6 % in economic growth, which is lower than 3.8 % posted in 2011. read more