Via The Swedish Wire:
The worst is behind us but challenges still remain, Swedbank said in a new economic outlook.
The global economy cooled in the second half of 2012, but developments have been mixed.
While growth is picking up in the U.S. and China, Japan and the euro area are in recessions.
Much is indeed upside down, at least in the euro zone.
Global GDP is expected to grow by 3.1 % in 2013, and by 3.4% in 2014, a slight downward revision.