PKF 2012 Budget Review Analysis
The economic activity in emerging and developing economies evolved as
projected though there were notable disparities across regions. Growth in a number of emerging and developing economies slowed due to a worsened external environment, and a weakened internal demand as well as the effects of macroeconomic policy tightening.
World trade recorded a slowed growth of 6.7 percent in 2011 compared to 12.6 percent in 2010.