Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from major central banks and amid new signs of progress in the euro zone's debt crisis, Reuters polls found.
The surveys of over 250 economists, taken in the past few days, saw 2012 growth forecasts for the euro zone, Britain and Japan revised up, but left unchanged for the United States.
Greece, the source of the currency bloc's debt crisis, swapped its privately held bonds at the weekend for new, longer maturity paper with less than half the nominal value, cutting its debt by more than 100 billion euros ($131 billion).
(Reuters)
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