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The Global Competitiveness Report 2012 - 2013

The Global Competitiveness Report 2012–2013 is being released amid a long period of economic uncertainty. The tentative recovery that seemed to be gaining ground during 2010 and the first half of 2011 has given way to renewed concerns. The global economy faces a number of significant and interrelated challenges that could hamper a genuine upturn after an economic crisis half a decade long in much of the world, especially in the most advanced economies. The persisting financial difficulties in the periphery of the euro zone have led to a long-lasting and unresolved sovereign debt crisis that has now reached the boiling point. The possibility of Greece and perhaps other countries leaving the euro is now a distinct prospect, with potentially devastating consequences for the region and beyond.

 
This development is coupled with the risk of a weak recovery in several other advanced economies outside of Europe—notably in the United States, where political gridlock on fiscal tightening could dampen the growth outlook. Furthermore, given the expected slowdown in economic growth in China, India, and other emerging markets, reinforced by a potential decline in global trade and volatile capital flows, it is not clear which regions can drive growth and employment creation in the short to medium term. 
Document type
  • Report
Language

English

Publication Year

2012

Author(s)/Editor(s)
Klaus Schwab, World Economic Forum
Website
http://www3.weforum.org/docs/W ... 012-13.pdf
Geographical focus
  • International; Other
Scientifc field / Thematic focus
  • Social Sciences
Attachments
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Entry created by Bostjan Sinkovec on November 12, 2012
Modified on November 20, 2012