February 20, 2013

Last year was a year of pronounced economic uncertainty for many countries around the world and for most of them this trend will linger into 2013, according to the new report.

In Europe, a fiscal crisis continues to kindle doubt about the survival of the Euro, creating uncertainty that is casting a shadow on real economic performance in 2013, said the first-quarter edition of Deloitte’s Global Economic Outlook.

It also says that the United States may have already entered recessionary territory, while China, India, and Japan are treading uncertain economic waters and scrambling to establish or maintain economic growth.

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