Q4 2013 Macroeconomics Update: 2014 - Great taper expectations
The 2008-9 financial crisis was an extreme shock to the global economy and it prompted extraordinary policy measures. More than five years on, the ripple effects continue to be felt. In our latest update, Wood Mackenzie forecasts global GDP growth to accelerate from 2.1% this year to 2.7% next year. The upward momentum will be driven primarily by a recovery in the developed world. We expect a robust recovery in the US as business investment and job creation pick up next year – GDP growth is...