Present and Future Trends of Global Economy

Abstract

In 2011 the world economy has registered an involution compared to 2010, due to diminished economic growth in countries with advanced economies. Also, a significant decrease in growth of international trade contributed to the evolution below expectations of the international economy as a whole. Diminishing global economic growth came amid uncertainty about fiscal and financial evolution of the Euro area Member States which had the consequence of reducing investment and production on the internal market. Analysts’ forecasts (IMF, World Bank, UN, OECD) indicate downward trend in the evolution of global GDP in 2012, as growth’s recovery is projected to start in 2014.

Keywords

• global economy
• economic growth
• financial market
• international trade