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 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Apparel/Garments | On 18th Aug 2017

Papua New Guinea govt to help set up garment industry

The government of Papua New Guinea (PNG) plans to focus and fund...

Courtesy: FineLine Technologies

Apparel/Garments | On 18th Aug 2017

FineLine Technologies acquires RER International

FineLine Technologies Inc., industry’s fastest supplier of retail...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X