| The International Monetary Fund has issued its April edition of World Economic Outlook 2012, with the sub-heading Growth Resuming, Dangers Remain, and while there is a gradual strengthening of the global economy there remain considerable risks, with the most immediate concern the financial crisis in the euro area. A reacceleration of growth is expected to bring the global economy to approximately 4% growth in 2013, although the IMF does note that this year “the euro area is still projected to go into a mild recession…as a result of the sovereign debt crisis and a general loss of confidence, the effects of bank deleveraging on the real economy, and the impact of fiscal consolidation in response to market pressures.” |
