Tuesday, 25 September 2012

Global economy: Who can drive the recovery?

In the aftermath of the global financial crisis, countries like Germany, China and Brazil were the engines that kept the global economy expanding, but recent evidence suggests that they are losing steam.

The World Bank expects a soft recovery, with global growth of 2.5%. But within that there appears to be a clear divide between developing economies, which are forecast to grow by 5.3%, and advanced economies by just 1.4%.

Here is a round-up of the conditions and prospects for the key economies around the world. Who can be relied upon to drive the much-needed recovery?

http://www.bbc.co.uk/news/business-18815595