Clear signals of a US recovery combined with a deepening euro zone debt crisis have figured prominently in recent economic developments. SEB’s economists have presented updated forecasts for various regions in the past week. They have adjusted GDP growth in the United States upward to 2.3 per cent in 2012, while they now expect the euro zone economy to shrink by 0.6 per cent. Strong fourth quarter 2011 GDP figures have led to an upward revision of this year’s Chinese growth. Taken together, this means that SEB now anticipates marginally higher global growth compared to the November forecast in Nordic Outlook.