The global economy in 2012 was marked by low growth and high risks, writes Galina Alexeenko, a director of regional economic information at the Atlanta Fed's Nashville Branch. Citing such factors as the euro zone debt crisis and recession, she also notes that conditions are "not likely to improve rapidly" over the next year.
The uncertain global economic outlook is subject to significant downside risks, Alexeenko stresses. These risks include possible contagion from the euro zone debt crisis and concerns about the impending fiscal cliff in the United States.
For more details on how the global economy fared in 2012 and what the upcoming year might have in store, see the full article in the fourth-quarter issue of EconSouth, available in print or online.