Where the world economy is Headed ?

I think the world's economy is heading directly into the hands of the few powerful who swear they're trying to give it back to the people. Absolutely no evidence to support the claims they've been making for decades. The more they do, the worse off everyone gets -- except for the politicians, of course. They're the only "business" on the planet to consistently do well despite a bad economy. They're the only ones set for life by doing very little work. I can't speak about Asia, but I know America is certainly like that. If you want to secure your future, become a politician. They don't operate by the same rules as the private sector. Not only do they continuously get paid MORE for a product that fails WORSE, but they get to set their own salaries, their own pensions, and set themselves and their families up for life. And that's not even mentioning the fact that they can spend taxpayer money while in office for their parties and flights and luxuries.

I think that the overall world economy is going to be better in a couple years. I think that all this Political instability, the fiscal problems with the United states (fiscal cliff, debt ceiling, etc), the Afganastan war will either come to an end soon (like the Afganastan war. American troops are scheduled to be pulled out by end of 2014). The United States has a GDP increase about 3% plus or minus a little bit every quarter. China's economy is still growing at an astonishing rate. Through out the country (The United States), gas prices are at the lowest prices they seen in a while. 2.88 in places in Minnesota, 2.95 in Virginia and 2.99 in AZ. There has been a real big push for natural gas and other types of energy. A local school where I am currently at (im in Arizona), recently put hundreds of solar panals up and its saving the school thousands of dollars. The housing market in the US is slowly coming back and the Car market is making a good rebound. US exports are up, and the amount of people flying are up. Also, the United States has been lowering it's unemployment rate. The reason why i am making a case for the U.S. is because we drive the world economy.

I cannot talk for all countries. But I see that due to some twisted laws, United States is having trouble getting out of the recession. People need jobs and not unemployment. A lot began from the Bush era. I really do not understand how this remains unsolved problem. A few changes in laws will totally bring US back to life. You might not believe but majority of the fortune 500 companies are making good profits here. But they do not pay the right amount of taxes. As a matter of fact, many ended up actually getting rebates from IRS. Thank God, fiscal cliff has been averted, but this is not enough. Loopholes that exist within business laws need to be fixed. There is so much waste in the government. Billions of dollars were spent on some bomb detonating device. This thing now is useless and stays in the warehouse. Then comes the rich. I know several millionaires here who sit all day at home because their businesses require very less effort, but are successfully bringing them money. There is one family like that on my FB. The husband drinks and gambles. Even his birthday cake had the design of casino. A few months ago, he was showing off his "second new" car and also was going around tell his friends that he would be going on a vacation to Bahamas. On 4th January, he was saying bad stuff about Obama because of the tax hick on the rich. Do you see how such people are having the best time of their lives while majority of the Americans are thinking twice even before buying food for the house? I did think before that perhaps China and India would turn out to be more economically stable. But nothing is certain. So far, in USA, majority of the people are complaining that service coming from India is poor and Chinese goods lack quality. If in the middle any other country turns out to have cheap labor, but more efficient at providing services, it will not take a minute for US to replace China and India. They were never promised that their jobs were permanent.

indeed every country has many problems and it is of a different nature. our country and it is finasvoi Bulgaria has many problems I think that if we do not have these problems it was going very well. Good day!

In fact BRIC are fast growing economies and good for the world, but corruption is growing much bigger, zillions of dollars are send to Gulf countries and Swiss bank in black, and the sad fact is that politicians from all parties are behind this. First of all the world requires to end corruption, once the corruption is over, poverty and inflation will be over, recession will be over.

Hello, Given the high potential of the system's creating recessions, I don't think the system will ever stop reproducing recessions.Because it is dependant on supply and demand and these two will never be equal.

The BRIC countries are Brazil, Russia, India and China. I think the economy will continue to grow well in those countries. I visited four different countries last year and one of them was Brazil. I found Rio to be an amazing city and it seemed really pricey. I think Japan and the Middle East countries will have their economies grow. At the moment there is a recession in my home country. I live in England. It is part of the United Kingdom. Some of Europe is bankrupt or heading that way. Greece is already in that awful situation. Many rail routes have been cut for economical reasons like Sarajevo to Bucharest. My home country had high inflation and higher prices for many things. People money they receive seem to stay the same though. It is a shame when a country has political instability. War is the worst thing of all. Good luck to the world.

It's really hard to say. Of course, the recession is still going, but there's definitely potential for economic growth for the BRIC countries. Many developing countries are continuing to progress for the better as their economies change.