INTERACTIVE: A weather forecast for the world economy
It’s mostly storm clouds, but there are still a few sunny spots
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The global economy is in dire straits. Fiscal woes and persistently high unemployment are hampering the recovery in the developed world. Emerging economies like China and India are once again confronted with weaker demand for exports from rich countries, but they are also grappling with a host of domestic troubles. High oil and food prices aren’t helping. The IMF announced last week it is planning to revise down its global growth forecast for the rest of 2012, and one famed economist warned of a “perfect storm” threatening the world economy. Use the interactive chart below to see which countries and regions face the worst turbulence, and who’s still enjoying sunny skies.
Infographic by: Amanda Shendruk.