Recession in euro area did not stop economic growth in other regions like US or Asia and global economy passed already the worst period.
According to Barclays Capital’s analysts reading of global GDP in first quarter of 2012 will be better than in the prior one.
Chinese export with EU countries remains in stagnation but amount of goods sent to USA improved significantly.
Analysts considered rise in US retail sales and lower initial jobless claims as improvement of American economy.
UK’s export to European Union countries also declined but it increased comparing to other ones.
Barclays Capital analysts estimate global economy growth by 3.5% in 2012 and 4.1% in 2013.
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