Home / Knowledge / News / Recovery in advanced economies will remain bumpy: IMF
Recovery in advanced economies will remain bumpy: IMF
18
Apr '13
The prospects have improved for global economy, but the road to recovery in the advanced economies will remain bumpy, the International Monetary Fund (IMF) has said in its latest report ‘World Economic Outlook April 2013: Hopes, Realities, Risks’.
 
The report forecasts the world output growth to reach 3¼ percent in 2013 and 4 percent in 2014. 
 
“In advanced economies, activity is expected to gradually accelerate, starting in the second half of 2013,” states the report. Private demand appears increasingly robust in the United States, but it is still very sluggish in the euro area, the report adds.
 
The report says advanced economy policymakers have successfully defused two of the biggest short-term threats to the global recovery – the threat of a euro area breakup and a sharp fiscal contraction in the United States caused by a plunge off the ‘fiscal cliff’ – over the past six months.
 
In 2013, after a weak first half, IMF projects the real GDP growth in the advanced economies to rise above 2 percent for the rest of the year and to average 2¼ percent in 2014, spurred by U.S. growth of about 3 percent.
 
According to the report, activity has already picked up steam in emerging market and developing economies. It says, “There was a noticeable slowdown in the emerging market and developing economies during 2012, a reflection of the sharp deceleration in demand from key advanced economies, domestic policy tightening, and the end of investment booms in some of the major emerging market economies."
 
"But with consumer demand resilient, macroeconomic policy on hold, and exports reviving, most economies in Asia and sub-Saharan Africa and many economies in Latin America and the Commonwealth of Independent States are now seeing higher growth,” it adds.
 
It predicts the recovery in emerging Europe to gain speed as demand from advanced Europe slowly picks up. However, it forecasts economies in the Middle East and North Africa will continue to struggle with difficult internal transitions. In addition, it points out that a couple of economies in South America are facing high inflation and increasing exchange market pressure.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search