Friday, January 18, 2013

Road Ahead Remains Bumpy for the World

Show me the money!  Where is the beef?  Or how about:
"We can’t wait for a return to growth in high-income countries,” says World Bank Group President Jim Yong Kim.
Meanwhile, see why the road ahead remains bumpy for the world here.

More according to The World Bank:
The World Bank estimates global GDP grew 2.3 percent in 2012, compared with last June’s expectation of 2.5 percent. Growth is expected to remain broadly unchanged at 2.4 percent growth in 2013, before gradually strengthening to 3.1 percent in 2014 and 3.3[1] percent in 2015.

[1] Using 2005 purchasing power parity weights, global growth would be 3.0, 3.4 and 4.2 percent for 2012, 2013 and 2015, respectively.
Full report:  Prospects for the Global Economy

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