| Resumen: |
Four years after the eruption of the global fi nancial crisis, the world economy is still struggling
to recover. During 2012, global economic growth has weakened further. A growing
number of developed economies have fallen into a double-dip recession. Th ose in severe
sovereign debt distress moved even deeper into recession, caught in the downward spiralling
dynamics from high unemployment, weak aggregate demand compounded by fi scal
austerity, high public debt burdens, and fi nancial sector fragility. Growth in the major
developing countries and economies in transition has also decelerated notably, refl ecting
both external vulnerabilities and domestic challenges. Most low-income countries have
held up relatively well so far, but now face intensifi ed adverse spillover eff ects from the
slowdown in both developed and major middle-income countries. Th e prospects for the
next two years continue to be challenging, fraught with major uncertainties and risks
slanted towards the downside. |
