World GDP Growth as Focus of the Week

Stock markets in Asia steadied on Monday but cautiousness remained as major economies will release 2Q12 GDP data this week. After China’s data showed further slowdown in the world’ s second largest economy last week, growth in Japan came in weaker than expected. Investors now concerned about the economic recovery in the Eurozone and particularly the likeliness that Germany would slip to recession as affected by severe contraction in some European peripheries.

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World GDP Growth as Focus of the Week