Economy must adapt to changes
The quantitative easing measures of the United States, the European Union and Japan can improve expectations for the global recovery and cushion the eurozone debt crisis' impact on the global economy. But these measures will not change the weak growth of the global economy. The International Monetary Fund's predicts that global economic growth will be a mere 3.6 percent in 2013.
Despite the improvement in the real estate market in the United States and the increase in the US government's expenditure, the US' agriculture, exports and investment in non-private real estate are still far from being healthy.
The eurozone is still struggling painfully with its debt crisis. The IMF predicts that the eurozone's local gross value of production will only grow by 0.2 percent in 2013. Meanwhile, economic growth in Japan and the emerging economies is slowing remarkably against the gloomy global backdrop.
