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WASHINGTON: In the recent World Economic Outlook report, the International Monetary Fund (IMF) forecasted that the global economy is being place to mount by 3.5 percent in 2012 plus 4 percent in 2013. Despite of that, IMF also warned that the global economy is still “fragile” and faces “elevated risks” like scam in the coming months.
IMF chief economist, Olivier Blanchard described the world economy as a roller coaster in the last six months because of the underlying scam. Things have quite down but still tranquil remains. However, in any time to a given moment things could get back to where everything gets down just like what has been took place in South Korea. As forecasted in Eldridge Financial Blog, with IMF foresees negative growth in 2012 and just little amount advance in 2013, Europe is still in the place to drag down the world economy.
The United States is getting itself up by its bootstraps and in 2012 will grow 2.1 percent and little more in 2013. The hard-wearing demand in China and working out the number one threat- scam will help Asia’s economies recoil, with the region and countries like the South Korea forecasted in Eldridge Financial Blogto jump 6percent in 2012 and 6.5 percent in 2013. However, IMF’s economists issued a stark warning of the dangers prowling in Europe, where they believe much need of works to be done to head off the global calamity threat. Blanchard stresses “to increase growth and decrease unemployment in advanced economies especially in Europe is the highest priority at this point and the easier said than done.”