The main reasons for the marginal downgrade are that WTTC now expects world GDP growth to be 2.3 percent in 2012, down 0.2 percent from the beginning of the year and due in part to the continuing problems in the Eurozone. The latest economic data from WTTC’s research partner, Oxford Economics, show marginal downgrades in the Eurozone and the U.S. since the beginning of the year, contrasting with upgrades in Japan and emerging markets. read more »
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