Insight

Q2 2013 Macroeconomics Update: Beggar thy neighbour

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Report summary

Wood Mackenzie’s annual GDP outlook for the world is largely unchanged at 2.4% in 2013. Further contractions in much of Europe and a weaker-than-expected start to the year in China account for the most significant downward revisions, but these are being partially offset by stronger growth in Japan, Germany and the UK.  The outlook for the US economy is unchanged; we expect modest growth of just 2.1%.

What's included

This report contains

  • Document

    Q2 2013 Macroeconomics Update: Beggar thy neighbour

    PDF 336.24 KB

Table of contents

    • Beggar thy neighbour
    • Europe - In search of competitiveness
    • Japan - Easing does it
    • USA - Labouring for growth
    • China - Credit where credit is due
    • Brazil - Lacking growth drivers

Tables and charts

This report includes 8 images and tables including:

Images

  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 1
  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 2
  • Japanese trade
  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 4
  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 5
  • China residential property sales and constructions starts (annual growth, 6-month moving average)
  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 7
  • Q2 2013 Macroeconomics Update: Beggar thy neighbour: Image 8

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