Growth forecasts in 2013 were constantly upgraded or downgraded due to the long-lasting effects of debt in Europe, and stronger performances from the United States and the United Kingdom. Emerging global economies were also beginning to feel the effects of the easing of the US monetary policy; this led to volatility in capital markets globally. For this reason, Frost & Sullivan has presented a scenario analysis for global growth in 2014, which provides a clear understanding of the volatility expected in the coming year.
Uneven Global Recovery
- High levels of public and private debt and current account deficits are expected to limit policy intervention. - There is speculation on the monetary policy decisions of major developed economies. - There is risk of capital outflow and rising current account deficits in several emerging markets. - Political risks exist in North Africa and the Middle East.
Table Of Contents
Emerging Market GrowthâExecutive Insights: Global Economic Outlook 2014 Contents