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World GDP: Is Our Global Economy Actually Improving?

World GDP: Is Our Global Economy Actually Improving?

global-currencyOnly four years have past since the world was hit with one of the worst financial crisis of all-time and while many believe our economies are improving others disagree stating that some of the improvements are superficial as in fact the world is faltering again.

According to The Economist’s calculations, world GDP grew by just 2.1% during the first quarter of 2013 compared with a year earlier. Just 12 months ago, output was growing at a reasonable clip of 3.1%. The European Union, the world’s second-largest economy, which welcomes its 28th member on July 1st, is back in recession. Meanwhile there are concerns about stumbling blocks as China seeks to rebalance toward a more consumption-oriented economy and more moderate growth rates. Long the mainstay of the world’s fortunes, China alone has been responsible for nearly half of all world economic growth since the end of 2009 when the world began growing again. Other big emerging markets, Turkey, Brazil and India, are struggling to quell social unrest over frustration with governments’ inability to deliver growth and make appropriate reforms.

How do you feel about the overall health of our global economy? Are we truly making improvements to get back on the right track or have we yet to fix the true problems that crippled our economy just four years ago? People always point to the success of the stock market as a sign that out economy is improving but history has shown us that the correlation between the stock market going up and our economy improving can sometimes be very far apart. We want to hear what you think so simply click on the link & share your opinion on our Facebook Fan Page or by sending either Stocks on Wall Street or our Founder a Tweet.

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Source: Economist