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Economies Across the World are Slowing Down

The global economic crisis is far from over. In fact, we're headed down the slope and the deepest point is still ahead of us - fact proven by the fact that economies across the World are slowing down.

Apart from the USA and the PIGS countries, even the economies that were either immune in the first phase of the crisis or, have shown much higher GDP growth than their counterparts, are reporting lower figures (according to Q4 2012 data and early 2013 as well).

The Chinese economy grew less than during the years before, scoring 7.8 % in 2012. The figure of 2011 was 9.2 %.

Russia on the other hand reported an annual growth for 2012 of 3.4 %, while the 2011 figures were of 4.3 %.

Germany and Poland are other two economies that reported slowdown.

The German economy grew by 0.7 % only in 2012.

In 2011, the German GDP scored 3 % in growth and in 2010 it grew by 4.2 %.

The German government is expecting a growth of merely 1 % for 2013. Predictions were reduced from the previous 1.3 %.

If Germany fails to grow enough, other (especially nearby regional-) economies might be strongly affected. For instance: the Baltic states, Hungary (which exports much of its products to Germany - especially industrial goods). Poland (another important partner - already strongly affected).

Poland's growth went down from 3.5 % in 2011 to 2.4 % in 2012. And, Poland was the only positive example in Europe for a country that "hasn't even felt the economic crisis" - many have said.

Right now, the whole of Central Europe is rotating in a vicious circle: modest growth, which is strongly linked to Germany's economy.

Much of the products and services sold by Central European countries are exported to Germany. A weaker German economy means lower income to the respective countries.

Precious metals will gain significance in an environment characterized by weak growth. Watch the fresh posted articles by Prime Values and observe: more and more national banks have been purchasing and repatriating gold in 2012. It's a trend and the buying activity will only continue in 2013 and possibly beyond.

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