Chapter 2. Country and Regional Perspectives
Author:
International Monetary Fund. Research Dept.
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Language:
English
Print Publication Date:
07 Oct 2014
Keywords:
WEO; economy; emerging market; oil price; deficit economy; public investment; debtor economy; U.S. dollar; Public investment spending; Public investment and public-private partnerships (PPP); Emerging and frontier financial markets; Natural gas sector; Current account balance; Global; Middle East; Asia and Pacific; Europe; Sub-Saharan Africa; advanced economy; creditor economy; a number of economy; CCA economy; European CIS economy; Inflation; Consumer prices; Consumer price indexes; Caribbean; Central America; South America

Abstract

After a slowdown in the first half of 2014, global growth is forecast to strengthen to 3.5 percent in the second half of 2014 and 3.8 percent in 2015. But growth is uneven and still weak overall and remains susceptible to many downside risks. Production disruptions or sharply higher global oil prices—due to geopolitical tensions—would reduce global growth, as would an unexpected tightening in financial conditions owing to higher-than-expected U.S. long-term interest rates or increased risk aversion. Over the medium term, protracted weak demand in advanced economies could result in lower growth everywhere, including, in part, through negative supply-side effects.

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Cover World Economic Outlook, October 2014
World Economic Outlook, October 2014
Legacies, Clouds, Uncertainties
ISBN:
9781498331555
ISSN:
0256-6877
Publication Date:
07 Oct 2014
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781498331555.081
Pages:
242