Global Economic Outlook Q2 2012
A collective sigh of relief
The global economy may not yet be fully in the clear, but business leaders can at least "utter a collective sigh of relief" that things are not as bad as they could be, according to the latest edition of the Global Economic Outlook. This issue also examines the claim that China may be shedding its status as the “factory of the world” due to rising costs and a burgeoning middle class. As Chinese production moves up the value chain, other emerging economies — especially Sub-Saharan Africa and the Middle East — may gain a larger share of global trade, which could significantly alter trade patterns.
Additionally, this edition offers economic outlooks for the Eurozone, the United States, China, the United Kingdom, India, Japan, Brazil, Russia, and Indonesia.