(menafn – ecpulse)
International Monetary fund raised its forecasted global growth for 2012 for the first time since a year, adding signs to recovery of American economy which supported the global economy’s outlook during the upcoming period, as well as easing the pace of European sovereign debt crisis.
Global economy’s growth inclined to 3.5% in 2012 compared with previous expectations in January of 3.3%, also International Monetary fund expects a growth by 4.1% in 2013 compared with a previous expected 4.0%, while American economy is expected to record an economic growth by 2.3% during the year and 2.5% for the next year.
Asian stocks inclined in line with these expectations, which are witnessed on Japanese and Australian stocks that were raised significantly, where the international monetary fund also expects an inflation rate with 1.9% in big economies during the year, while growing economies are expected with 6.2% in 2012.
On the other side, European zone still surviving from European sovereign debt crisis, where previous expectations of the international monetary fund increased indicated a fell in Euro zone that maybe witness an economic recession, where Euro zone is expected to decline by 0.3% in 2012 compared with previous expectations of 0.5%.
International Monetary fund expectations for China reached a growth by 8.2% which is close to china’s government expectations of 8%, as a result of declined exports for the first time in December for more than two year, where China the world’s second largest economy is a major backbone for global growth.
Meanwhile, Global economy witness many dramatic and instable changes amid European sovereign debt crisis and its negative effect on global domestic demand, but the expectations of international monetary fund may support the global demand to rebound.