The State Of The World Economy
NASAThe World Bank recently released its semi-annual Global Economic Prospects report, which takes a look at the global growth situation, breaks out growth forecasts for different regional economies, and examines trends between high-income and developing countries.
The world economy initially accelerated at the beginning of the first quarter of 2012, but then decelerated from there as the effects of European stimulus efforts (e.g. the LTRO) began to fade and tensions flared up once more in financial markets.
Although the developing world is poised to significantly outpace high-income economies in the coming years, the upshot is that the woes of the developed world will have a serious impact on emerging markets. The global outlook is, therefore, somewhat grim from the World Bank's perspective.