The wealthy economies are in for a tough year
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THE outlook for economic growth in the West is bleak, according to the IMF’s latest World Economic Outlook, released on April 16th.
Worldwide output is expected to grow at just over 3% in 2013, but rich
countries will lag behind, expanding at 1.2%.
Growth in emerging
markets, by contrast, will exceed 5%, with Asia and sub-Saharan Africa
motoring along at 7% and 5.6% respectively.
The IMF's report praises
euro-area policymakers for avoiding a break-up, but notes that parts of
the currency union are still uncompetitive and constrained by austerity.
The failure of cash injections to trickle down to households and
businesses is dampening prospects, too.
The American economy, though
buoyed by recovering housing and credit markets, must endure the effects
of the budget sequester.
#Πηγή:
http://www.economist.com/blogs/graphicdetail/2013/04/daily-chart-12?fsrc=scn/fb/wl/dc/poorlittlerich
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