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

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Report summary

'Economic slowdown' and 'recession' have been grabbing the headlines recently. But the recent slowdown must be put into context. O n 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 o ur global GDP growth forecast remains unchanged at 2.4% this year.

What's included

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

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Table of contents

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

Tables and charts

This report includes 7 images and tables including:

Images

  • 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)
  • Q4 2014 Macroeconomics Update: Recession - how bad? How long?: Image 5
  • Europe Real GDP index (2008 = 100)
  • Contribution to Russian GDP growth (QoQ)

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