Country Risk Overview - July 2011
Global 2011 growth now stands at 3.3% against 3.2% in March. Growth forecasts for industrialised countries are almost unchanged at the projected 1.8%, a net slowdown compared to the 2.5% increase recorded in 2010.
Good German and French performances in the first quarter this year. The peripheral countries remain in recession.
COUNTRIES OUTSIDE THE EURO ZONE
Clouds looming over the United States and the United Kingdom Sharp slowdown in Japan.
Recovery still slower than in the other emerging economies.
Slight slowdown expected in China and India.
Growth has not recovered its pre-crisis trend.
NORTH AFRICA MIDDLE EAST
Political uncertainties weigh on growth.
Economic recovery still shaky.