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7 Pages

Q4 2014 Macroeconomics Update: Recession - how bad? How long?

Q4 2014 Macroeconomics Update: Recession - how bad? How long?

Report summary

'Economic slowdown' and 'recession' have been grabbing the headlines recently. But the recent slowdown must be put into context. On a dollar basis, global output will still grow by US$1.3 trillion this year - more than in 2012 and 2013.  Although Japan and Italy are in recession, other economies such as the UK, the US and Canada are performing better than expected. Hence our global GDP growth forecast remains unchanged at 2.4% this year. 

What's included?

This report includes 1 file(s)

  • Q4 2014 Macroeconomics Update: Recession - how bad? How long? PDF - 376.80 KB 7 Pages, 0 Tables, 7 Figures


This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Executive Summary
  • Recession fears
  • US driven by energy
  • Europe: a story of extremes
  • Japan's early signs of crisis?
  • Russia at risk
  • Conclusion

In this report there are 7 tables or charts, including:

  • Executive Summary
  • Recession fears
    • Global GDP growth forecast: WM vs. IMF and WB
    • Contribution to Global GDP growth (annual %)
    • China GDP by sector
    • Drivers of US GDP growth (trillion US$, 2009 prices)
  • US driven by energy
    • Q4 2014 Macroeconomics Update: Recession - how bad? How long?: Image 5
  • Europe: a story of extremes
    • Europe Real GDP index (2008 = 100)
    • Contribution to Russian GDP growth (QoQ)
  • Japan's early signs of crisis?
  • Russia at risk
  • Conclusion
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