Global Economy / Factors Affecting Global Economy

Right now the global economic outlook is relatively positive. According to figures projected by International Monetary Fund (IMF) the world GDP continues to decline, and even the modest growth figures previously projected have been minimized (IMF, 2012). In 2011, the global economy was expected to expand at a rate of 4% over the following year, but based on certain global and local factors those numbers have been reevaluated. The current guess is that year-end numbers will show only a 3 1/4% growth rate (IMF, 2012). This is due to the many obligations and economic tragedies that face the European Union, and the fact that emerging countries such as China and India are far below growth expectations. For one, this means that companies wishing to expand internationally have to realize the problems that they may encounter because of the decrease in individual wealth relative...
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