Wood Mackenzie’s global GDP growth forecast for 2014 and 2015 is unchanged; we continue to expect the world to grow by about 2.7% this year and 2.9% next year. However, the short-term drivers of growth have changed over the past year. After a poor start to 2014, emerging economies are weaker than previously forecast. Our view on Europe is improved however, and this offsets the weaker outlook for developing economies. The largest contributors to global output, the US and China, are unchanged.
Table of contents
Need to know
Developing economies – weathering the storm
Europe – stabilisation belies structural flaws
China: mini-stimulus vs tightening
USA - still a critical driver of global growth
Tables and charts
This report includes 8 images and tables including:
Emerging market slowdown
Italy's failure to rein in the deficit as planned...