World Outlook: Winter 2014
The Conference Board of Canada, 16 pages
January 21, 2014
This quarterly examination of the short-term economic outlook for the world's major economies also contains an in-depth analysis of a number of issues that are relevant for understanding world economic trends and developments.
- The world economy is expected to expand by 3 per cent this year following a gain of just 2.4 per cent last year.
- A solid recovery in the U.S. economy and the end of the recession in the eurozone are the main factors behind the rebound in global activity.
- The main risks to the global outlook revolve around the Fed's handling of its plan to taper bond purchases this year.