“The global economy is expected to slow in 2012. As Europe enters a recession, the effects will trickle down to the rest of the world, write economists at Nomura.
Global GDP is projected to grow 3.4 percent in 2012, down from 3.7 percent last year. The biggest risks to the global economy stem from oil price spikes, a deterioration in the European crisis, the U.S. fiscal cliff effect at the end of the year, and an investment slump in China.
Growth is expected to be driven by emerging markets with collective GDP projected to rise 5.9 percent this year, compared with 1.3 percent expected for developed economies.
Nomura offered outlooks and commentary on individual countries….”
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