The following is excerpted from a 6 March 2013 news release by The Conference Board of Canada.
China and Brazil will shine, Europe and Japan will lose ground, and growth in the United States will remain hostage to political confrontations, according to The Conference Board of Canada’s World Outlook: Winter 2013.
Overall, the world economy will post growth of about 2.6 per cent this year, much the same as in 2012.
Although emerging markets led by the Asia-Pacific region should grow strongly this year, much of the developed world has been dragged lower by the downturn in the eurozone. The modest growth in the U.S. economy is at risk due to automatic budget cuts that were implemented in early March.
This release is available in its entirety at:
http://www.conferenceboard.ca/press/newsrelease/13-03-06/global_economic_growth_to_remain_very_uneven_in_2013.aspx