The global economic growth continues to get slower. The International Monetary Fund is set
to reduce its estimate for global growth in 2012 further from its April estimate of 3.5% growth
due fo weakness in investments, jolbs and manufacturing in the West as well as emerging
economies such as China, India and Brazil. World growth rate had slipped to 3.9% in 2011
from 5.3% in 2010 as Europe slipped into fresh financial crisis and the US continued its slow
recovery from the 2008 meltdown. But emerging economies such as China, Brazil, Russia
and India-which together account for one-fifth of the world economy-will continue to
outperform the rest of the world and lead the global recovery. IMF expects the emerging
economies' GDP to grow 5.7%in 2012, slightly down from 6.2% growthin 2011.