In its World Economic Outlook, the IMF projected world economic growth for 2012 at approximately 3.5 per cent and for 2013 it projected growth in the range of 3.5 per cent to 3.9 per cent.
The IMF also enumerated a number of threats to these forecasts and continues to point to the eurozone as a significant downside risk to the achievement of these rates.
The eurozone is currently in recession and faces another two years of flat growth. The IMF notes the fragility of the world economic recovery and slower growth in the Asian economies. The US economy is on its feet, even if it is limping
EU-Digest
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