How the Global Economy would Turn around in the Next Three Years

By SiliconIndia   |   Thursday, 27 September 2012, 11:33 Hrs   |    2 Comments
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Bangalore: The global economy is believed to be struggling to generate positive growth, and many of the largest economies of the world are getting worse day-by-day. The economic recession has not stopped to cast its shadow on the global economy and in this current economic slowdown; people around the world are concerned about their countries, the fate of their business and of their personal finances.

Thus, Citi Group, one of the major financial services in the U.S., recently published its ‘Global Economic Outlook and Strategy’ report. This 56-page report gives the up-to-date commentary on the economy of different countries and forecasts the growth of various economies covered by the bank’s band of economists.

“The outlook is balanced between economic fragilities—with slowing growth in Asia, subpar recovery in the U.S. and widespread recessions plus periphery strains in Europe—coupled with a new wave of central bank stimulus (monetary policy, credit easing and extra liquidity) across all major economic regions,” Citi Chief Economist Willem Buiter wrote in the report. According to Business Insider, Buiter has left the global growth forecast for 2012 as 2.5 percent and expects the same for 2013 a 2.6 percent.

Buiter’s report has covered countries from five different regions in the world and here are the highlights of it.

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