Global Economic Prospects, Volume 6, January 2013 : Assuring Growth Over the Medium Term | UHY Dawgen Chartered Accountants Blog

Global Economic Prospects, Volume 6, January 2013 : Assuring Growth Over the Medium Term | UHY Dawgen Chartered Accountants Blog

More than four years after the global financial crisis hit, high-income countries struggle to restructure their economies and regain fiscal sustainability.

Developing countries, where growth is 1-2 percentage points below what it was during the pre-crisis period, have been affected by the weakness in high-income countries. To regain pre-crisis growth rates, they will need to focus on productivity-enhancing domestic policies rather than demand stimulus.