Worries About the World Economy for 2014

Worries About the World Economy for 2014. YaleGobal. David Dapice. December 20, 2013.

Uncertainty and uneasy interdependence characterize a 2014 forecast on global economic growth. High rates of unemployment persist in developed economies while emerging economies rely on those nations for exports and jobs for their own citizens. The International Monetary Fund forecasts 3.5 percent growth for 2014 – or less – and economist David Dapice analyzes factors that could hamper that growth: The US Federal Reserve is pulling back from monthly bond purchases pouring massive liquidity into global markets; congressional priorities remain skewed. Europe and Japan post low growth amid many policy challenges. China’s growth is higher, but it must maintain jobs while reducing pollution. [Note: contains copyrighted material].

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