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At a Glance…

The World Economy

Published online by Cambridge University Press:  01 January 2020

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Abstract

  • Following growth of 3.1 per cent in 2013, the world economy will grow by 3.3 per cent in 2014 and 3.5 per cent in 2015.

  • The pace of recovery remains slow and uneven; much of the Euro Area in particular remains very depressed, and the policy response has so far been too little, too late.

  • Key risks include the normalisation of monetary policy in the US, and the associated financial market turbulence; and worsening deflationary pressures in the Euro Area exacerbated by policy gridlock.

Type
Forecast Overview
Information
National Institute Economic Review , Volume 230 , November 2014 , pp. F2
Copyright
Copyright © 2014 National Institute of Economic and Social Research

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