After wallowing in an economic “soft patch” for the past two years, the
global economy is likely to emerge in 2014 with modest growth of 3.3
percent compared with 2.5 percent this year, according to a forecast
from Nariman Behravesh, chief economist of IHS (NYSE:IHS), the global
leader in information and analytics.
“The easing of the twin headwinds of private sector de-leveraging and
public sector austerity will bolster the improved outlook, especially
for the developed economies,” Behravesh says. “Many emerging economies
will also likely enjoy stronger growth in 2014, pulled along by
export-led growth to the United States, Europe and China. That said, the
global growth rebound is likely to be quite modest.”
The global growth outlook for 2014 is the summary forecast in
Behravesh’s annual Top10 Economic Predictions, which were released today. (more)
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