economic growth shifting to developed economies
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Recovery in US, Europe and Japan picking up steam

Economic growth shifting to developed economies

Arab Today, arab today

Arab Today, arab today Economic growth shifting to developed economies

Emerging nations have lead the global recovery since 2007
London – Arab Today

Emerging nations have lead the global recovery since 2007 London – Arab Today A new report shows global economic growth is shifting its base from emerging countries, like China, to developed nations, like the United States .
Some emerging economies are still growing at rates that are envied by others, but their rates of growth are slowing, while the recovery in the United States, Europe and Japan is picking up steam, The Wall Street Journal reported Monday.
A report from the world's largest hedge fund, Bridgewater Associates, estimates 60 percent of the $2.4 trillion in global economic growth in 2013 will be generated by developed nations.
The U.S. gross domestic product is plodding along at a rate of about 2 percent and that is projected to slowly rise. The eurozone's economy is expected to show recession-ending growth in the second quarter. In Japan, years of stagnation have yielded to expectations of a GDP of 2.6 percent for the year.
For some of the world's largest companies, the shift is dramatic, as many expected growth in the Chinese market, for example, to provide critical revenue.
Global demand has "slowed down to a much greater degree than we had anticipated," said Richard White, chief executive officer of Flexible Steel Lacing Co., a company based in Illinois that makes industrial-purpose conveyor belts used in mines and factories.
"The root cause seems to be China. The demand that they had going -- the need for iron ore, copper and coal -- was driving mining activity in Australia, South Africa and South America," White said.
Meanwhile, foreign investment could shift its emphasis back to developed nations, while economies sputter in Brazil and Russia and slow down in India and China, the Journal said.
Emerging nations have lead the global recovery since 2007, but the payoff is not developing. Gains in Japan have come with a sharply reduced currency value, which makes imports more expensive. The average U.S. consumer is focused on housing, not imports, for which demand has only risen modestly. And demand from Europe has not yet had a chance to recover.
The International Monetary Fund expects global economic growth to reach 3.3 percent this year, up from 3.2 percent in 2012.
In China, growth is expected to reach slow to under 7.5 percent, which would be the slowest it has grown since 1990. In Brazil, the economy grew 7.5 percent in 2010 and 1 percent in 2012, the Journal reported.
"We can't ride on the coattails of the West. Asia has become too big," said Frederic Neumann, co-head of Asian economics for HSBC Holdings.
Source: UPI

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economic growth shifting to developed economies economic growth shifting to developed economies

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economic growth shifting to developed economies economic growth shifting to developed economies

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday