Finance Info -the International Monetary Fund (IMF), the world economy grew by offering less fast in creating jobs for tens of millions of people are unemployed.
Deputy Director of the IMF, Naoyuki Shinohara said, global growth is seen in Figure 3.3 percent in 2013, and will reach 4 percent in 2014, the significant differences in their economic prospects.
"The world sees three-speed global recovery does not produce enough growth in employment for millions of people who have fallen into unemployment during the last 5 years," Shinohara said in a meeting with diplomats and businessmen to coincide with May Day, as reported by the Global Post, Wednesday (1/5/2013).
Former officials of Japan's Ministry of finance said, there have been protests May Day in Greece over the Government's austerity program. While unemployment figures in Europe reached a new record of more than 19 million people in March.
"The best performing Economy in developing countries. The average Asian country will grow 7.1 percent this year and sub-Saharan Africa extending estimates of 3.5 percent, "said Shinohara.
Other countries are currently under repair, such as United States, looks to expand 2 percent in 2013. But, people still have a significant distance to go as the euro area. Where their growth this year is expected to shrink.
(dmd)Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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