World Bank cut its global growth prospects for the eurozone

Advanced countries will grow by 1.4% and 5.4% emerging in 2012, which means a reduction of 1.3 points forecast and 0.8 points respectively.

Alert in his report on the danger of the crisis and reduced demand spread to emerging countries.

"The escalation of the crisis will leave no one unscathed," he says, recommending caution.

The World Bank (WB) on Tuesday revised downward the outlook for global growth to 2.5% by 2012 and 3.1 in 2013, dragged down by weakening the euro area and the slowdown in emerging economies, reported Tuesday multilateral organization.

The advanced countries will grow by 1.4% and emerging 5.4% in 2012, which means a reduction of 1.3 points and forecasts 0.8 points, respectively, as provided in the data provided the last year. In its latest estimates, in June 2011, the WB forecast the world economy by 3.6% for both years .

"The world economy has entered a difficult phase characterized by significant downside risks and fragility," the WB.

The great obstacle to the global economy is the situation in the euro area , where the financial uncertainty and the intensification of the fiscal crisis will enter a recession this year and is projected a negative growth of 0.3% for the European region.

However, the report notes that the recent measures taken in Europe, such as strengthening the Retirement Fund or progress toward fiscal unit in the euro area have reduced the pressure on the sovereign debt of countries like Greece, Italy, Spain or France.

Alert contagion to emerging

Nevertheless, the World Bank in its report warning about the danger of the crisis financial and demand reduction in the advanced economies are extended to the emerging countries , by ensuring the global economy could slip into a recession, "as or greater than that of 2008/09 ".

Therefore, the World Bank economists recommend to developing countries , in a scenario of declining capital flows and lower prices of raw materials, prepared with prudent macroeconomic policies.

The Bank recommends caution to emerging

" The escalation of the crisis will leave no one unscathed . growth rates in developed countries could drop as much or more than in 2008. We can not overemphasize the importance of contingency plans, "said Andrew Burns, head of the Department Macroeconomics and author of the report, told a telephone news.

Burns noted that capital flows to emerging countries has fallen by almost half in 2011 and that some of the engines of the global economy such as Russia, Brazil and India have slowed their growth as a result of domestic settings.

For the WB, the main risk is given because, unlike in the 2008 crisis, both advanced and emerging countries "have less fiscal space to provide a counter-cyclical response or to provide the same level of support troubled financial institutions. "

"Uncertainties and Vulnerabilities"

The report, entitled "Uncertainties and vulnerabilities," said the slow growth also affects international trade , with exports declining global following since 2010.

In 2010, world exports of goods and services grew 12.4%, but in 2011 recorded an increase of 6.6% and in 2012 is expected to make 4.7%.

Slow growth also affects international trade

Also, global prices of commodities have fallen 10.2% since the beginning of 2011 records and agricultural products 19%, which has direct implications for exporting countries, they can see their income reduced by about 4% of GDP.

The head of the Analysis Group of the World Bank, Hans Timmer , said that developing countries "should find advance funding for their budget deficits, prioritize spending on social safety nets and infrastructure stress testing and submit their banking institutions."

Finally, another factor that adds uncertainty to the global situation are political tensions in the Middle East that could disrupt international oil supplies, the report said.

On the positive side, the multilateral agency emphasizes the strengthening of growth in the U.S. and Japan since the intensification of the uncertainty in August 2011 but warned of challenges in both countries over the medium term because of high deficits and debt levels.

Expectations for 2012 from the Spanish businessmen are below the European average

According to a report in late 2011 of the European Chambers of Commerce.

Only exports have a positive outlook, so that employers will turn in foreign markets.

In the case of employment, employers in all regions will choose to continue adjusting the templates.

Castilla-La Mancha is the community that provides more settings followed by La Rioja, Aragon, Andalusia, Cantabria, Navarre, Galicia and the Canary Islands

The expectations of the Spanish business in 2012 are located below the European average in all regions while in the whole of Spain is expected to stagnate in the turnover.

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These findings are from a report prepared in late 2011 by the Chambers of Commerce in Europe from 68,916 employers, of which 6,436 are Spanish.

Only exports have a positive outlook to the weakness of domestic demand so it seems that this year the Spanish businessmen will turn in foreign markets.

According to the report, this is the only variable in which the regions predict a growth higher than their European counterparts.

For Communities

Extremadura is the community where exports experience a higher growth , ahead of Castile and Leon, Valencia and Murcia, while at the opposite end and with little variation, but not deficits, Andalusia and Aragon are located.

In contrast, the sign negative will be the majority in domestic sales and especially unfavorable in the case of communities of Cantabria, Castilla-La Mancha, Andalusia, Navarre, Aragon and Madrid.

Moderate growth in the industry

As the number of businesses , all autonomies are located below the European average although some regions provide positive results, for instance, Extremadura, Valencia, Asturias, Basque Country Canary.

Negative business figures are especially critical in Cantabria , well above the Balearic Islands, Castilla-La Mancha and Andalusia, three similar but with negative balances.

The study also shows that business expectations point to a moderate growth in the industry , stagnation in services and maintenance in the recruitment of construction.

The report elaborates on the job and anticipates that there will be no changes in its evolution and also in investment. In both variables, the Chambers of Commerce forecast adjustments similar to the previous year.

Reduced investment and templates

In fact, in all communities, the report predicts a maintenance of the reduction in investment but stresses that in some communities such as Madrid, Balearic Islands, Asturias and Galicia employers predict this variable settings than those made in 2011.

In the case of employment, employers in all regions appear to be decanted for further adjusting the templates while forecasts anticipate a cut of the same intensity as last year.

In this section the Spanish forecasts are below the European average in all but eight of autonomy they anticipate adjustments harder than the national average.

Castilla-La Mancha community will be providing further adjustments followed by La Rioja, Aragon, Andalusia, Cantabria, Navarre, Galicia and the Canary Islands, all with balances below the Spanish average.

The job cuts lower , but still higher than other European countries, would correspond with the regions of Catalonia, Asturias and Madrid .