MUMBAI (Commodity Online): The global economy is expected to recover from economic slow down but at a slower pace. The optimistic economic activities in US, China and India may lead the world economy further, according to Angel Commodities in its recent economic update.

Euro zone is showing signs of recovery from economic slowdown. France is showing resilient growth but it cannot make up the deficit across Europe and Germany is also demonstrating a slower growth. All this would weigh on the global recovery. However, the global recovery may be restricted by the persistent concerns over the fiscal cliff issues and the Euro zone concerns- points the report.

A recovery in the Euro zone is vital for the other nations as well as for the markets. However, US and China are adopting measures to speed up the economic growth.

The factors that are underplaying the growth in the advanced nations are fiscal consolidation and continued weakening of financial system. The declining growth in the advanced countries sort some support by the stimulus measures by the major central bankers – states Angel Commodities.

The Indian economy is also expected to gather pace on account of policy measures taken by the Government of India to revive the economy.

Although the Ifo Business Climate Index of Germany rose to 101.4 in October, the first gain in the eight months.

There are positive signs on the Greece aid, under which the country would receive $57 bn to meet its debt obligations and budgetary targets.

In USA, the jobless claims benefits decreased to 393,000 in the week ended November 24 indicating that the jobs market may be stabilizing. The US employment market performed better in October with the number of new jobs creation at 171,000 as against 148,000 in September.

US pending home index, a leading indicator of housing sector, increased 5.2 percent to 104.8 in October as compared to 99.6 in September.