International
The global economy has suffered somewhat in recent years with issues in the United States and Europe. However, other parts of the world have managed to keep things a little steadier and there has been noticeable growth in Asia, the Middle East and South America. Despite problems the US still has the largest economy in the world, followed by China and Japan then a number of European nations, including the UK.
The global economy has been aided a great deal by nations working together to iron out problems and improve trade. Trade agreements are in place in a number of the world’s regions and the European Union is still going strong despite problems with the single currency. Manufacturing is set to be a big factor in growth for many nations, particularly
developing nations in South America and Asia. Exports for China and other Asian nations will continue to grow and these economies should not see too many problems.
There are still some countries struggling to find their feet following the world-wide recession and this has had a knock-on effect on development in some areas. Despite this, the world could be said to be in the grip of fractional recovery as countries begin to deal with their problems and confidence returns to the markets. Economists are still keen to sound a note of warning however as some European nations are still exhibiting sluggish economic activity and high levels of debt.
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