The 2012 World Economic Situation and Prospects (WESP) report, which complied by UN economists, said 2012 would be crucial in shaping the economic future.
They predict that developing nation may expand by 5.4 in 2012 and 5.8 in 2013.
High unemployment in development country adversely affecting growth and fiscal austerity plans to check high public debt.
Again 2012 is just a big danger to world economy for second recession in a row. How deep it would be or what would be parameter to handle that is still a big worry for work economy .Will it bring a end of capitalism thinking?
US Debt + Europe debt is so big that developing nation even can't help much .They having much bigger space in overall world economy.
One thing is sure if this second recession comes it will surely have huge impact on world equity market and real state market in developing countries.
So better ready for it , even if it is having 50-50% chance , better be invested in safe fund like FDs, Government bonds, gold , less exposure to equity and real state market.
