05/09/2013

Global Economic Outlook. Second Quarter 2013

The world economy continues growing but recovery losses some momentum on the back of faltering growth in some regions.

The slowdown hits Europe's core economies and now the recovery is expected from 2014 onwards. The US withstands fiscal uncertainties, whereas China's growth slows amid mounting risks. 

Central banks underpin global growth with Japan embarking on a massive expansionary stimulus. The ECB cuts interest rates and is poised to introduce new measures.