Tuesday, July 10, 2012

The pace of global economic growth are constrained by the crisis in Europe

The pace of global economic growth are constrained by the crisis in Europe. This is stated in the review of the international rating agency Fitch. It is estimated the agency, global GDP growth to slow from 2.7% in 2011 to 2.2% in 2012, while in 2013 growth rate of 2.8%, and in 2014 - 3.1%.
The review notes that a systemic crisis in the euro area, as well as downward pressure on the ratings of the euro area is unlikely to weaken until the European leaders did not represent a reliable and realistic "road map" to increase the budget of financial and political integration in the region. "The European debt crisis intensified again in the second quarter of 2012 against the backdrop of worsening prospects for economic growth, accelerate the outflow of private capital from the periphery of the eurozone countries, as well as improve returns on bonds and the increased number of protests against austerity measures" - the experts of the agency.

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