Decline in the euro area economies and China can not be offset by modest evolution of the American economy. Analysts expect the central banks in the euro area and China to use monetary policy to support economic recovery.

Sovereign debt crisis may have caused a contraction in the euro area economy stronger than it was originally intended, and China's economic growth to influenza, according to studies published Monday requiring a global economic slowdown in the near future. Overseas, although increased very slightly in the last two years, the service sector in the United States still seems strong, but it can not offset the negative effects globally.

Information about a potential weakening of China's economic growth and the eurozone's problems have occurred at the beginning of a week could prove crucial in solving a sovereign debt crisis that threatens to unravel the European monetary union. This outcome could have serious consequences for the world economy.

COPD ECB could cut key interest rate again

These are the reasons why, according to CNBC, some analysts expect the European Central Bank will cut interest rates Thursday, and will provide financial support to banks in difficulty. And economists expect China monetary policy measures by the central bank (People Bank of China PBOC), to support the economy which is in serious difficulties - as calculated by HSBC shows PMI services sector in China, which decreased to 52.5 points from 54.1 points the peak reached in October.

"Given that inflation pressure weakens the Beijing government can and should implement policies to support small business and services industry to maintain GDP growth at over 8% for next year," Qu Hongbin said, economist HSBC chief China.

Worries and concerns on both sides of the ocean

Purchasing management index (PMI) for the euro area, although increased slightly in November, is still a decline rate of 0.6% for the last three months.

In the U.S., data from the Institute of Supply Management publication - an independent institution of Statistics of the U.S. State Department shows that the indicator which reflects the evolution of services sector fell to 52 points last month, the lowest value since January 2010, the to 52.9 points in October. A value well below economists' forecasts, which expected the indicator to reach 53.5 points.

"In global perspective, if we analyze IMP together clues are big reasons for concern. PMI for the euro area growth is just a small accident in a clear contraction landscape, "said Philip Shaw, chief economist at Investec, one financial groups active in Europe, America and China.

China under microscope

"China's situation should be followed, in turn, to see if an accident or part of a trend," he continued. "Salvation may come from the United States, where there is evidence that the economy out of the troubled period," said Shaw.

A rare good news came from Britain, where the calculated PMI services rose unexpectedly last month, suggesting that Britain could avoid recession, it's just as likely that its economy and to stagnate. There are so many signs that euro area economic recession is a certainty, and also signs of concern and on China's economy, which could significantly slow down growth as a natural consequence of what happens in Europe - one of the main destinations for Chinese exports.

China's service sector has cooled in November, the growth rate slowed to its lowest rate in the last three months, which has strengthened the view that authorities will use the new monetary policy.

Worries and concerns in Europe

Angela Merkel, German Chancellor met with Nicolas Sarkozy, French president on Monday to draft a joint proposal for changing the EU treaties and introduce tougher penalties for members who do not comply with new tax rules.

This prepares the EU summit meeting Friday, the summit will bring together all 27 members of the union and is seen as a last chance for the euro area as a chain of incomplete measures that failed to protect the bond market crisis extending from Greece to Ireland, Portugal and now Italy and Spain.

World stock exchanges rose on hope that European leaders will be able to resolve the debt crisis. But the latest Reuters poll conducted among the leading representatives of global companies suggests that the euro area will not survive intact and in its present form unless European leaders are willing to make changes on a scale unprecedented in recent years.

PMI for the euro area, reflecting changes in doing business in the euro area increased slightly in value of 47 points in November from 46.5 in October, although it is still far below the 50 points , which separates growth from contraction.

"Italy is the worst situation, because its GDP could shrink by 1% in the fourth quarter, while France and Spain will contract by 0.5%," said Chris Williamson, economist Chief Mark - one of the most renowned economic studies.

Good signs in the UK

PMI service industry was the only bright spot British in this grim picture, rising in November than in October. But the operator Markit considers that this indicates that there is very likely that the UK economy to grow too much, given the bad news from industry published last week.