The global economy slowed down in 2012. The US implemented QE3 and QE4 to stimulate the economy, but still has no improvement because of the fiscal drag. Troubled by debt problems, Europe has slipped into recession. China's economy bottomed out and began to rise. According to the present situation, the worst days seemed to have passed. In 2013 the US economy is supported by the real estate industry but pressed by the fiscal cliff, and the growth of that is estimated at 2%. While the probability of the European debt crisis deterioration is slim, it is difficult for the economy to pick up substantially. The GDP of China, which is to be driven by urbanization and investment is estimated 8% in 2013. <<