VANCOUVER, BC, Dec. 1, 2012/ Troy Media/ – The global economy remains in a growth recession, loosely defined as growth less than 4 per cent, which will extend into 2013.
Tentative signs of firmer growth in China are emerging. If policymakers in the U.S. fail to reach a compromise on the looming fiscal cliff, that economy undergoes a significant setback. The European economy is back into recession and many policy hurdles remain with any misstep keeping it in recession through 2013. A low interest rate environment will prevail until the economy grows at a faster pace and begins to absorb excess capacity.
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