This is the second part in our three-part series of predictions for the global economy in 2014.
This set of predictions comes from Morgan Stanley’s two reports: the 2014 Global Macro Outlook and Asia Pacific Economics Outlook 2014: Another Challenging Year Ahead. Both reports were released in early December.
One of the main points that Morgan Stanley highlights in both reports is that global GDP growth is expected to improve on the back of improving growth in the developed economies.
Global GDP growth is expected to improve to 3.4% in 2014, up from the 2.9% growth estimated in 2013. “This improvement in global growth remains centred around accelerating growth in DM (developed markets)”, the 2014 Global Macro Outlook notes.
As Morgan Stanley notes, 2014 marks the fifth year of patchy global economic growth after the global credit crisis. If everything goes according to plan, 2014 could be the…
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