Which Economies Will Lead Global Growth in 2014?

Even the eurozone should return to positive growth next year and forecasts for other regions are gradually becoming more optimistic

Andy Brunner 11 November, 2013 | 11:33AM

There were some minor changes to regional/country growth forecasts during October but none of sufficient weight to alter global growth aggregates. The table below shows the latest consensus estimates from a number of leading investment houses for this year and next:

As the year has progressed, global growth forecasts have suffered a continuous process of modest downward revision for both this year and next despite some considerable improvement in the outlook for a number of developed economies (DM). The root cause of these lowered estimates is growth that is far slower than previously expected in many emerging countries (EM) and especially China. Disappointingly, this has ensured that hopes for the world economy accelerating to an above-trend growth rate are on hold once again.

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Andy Brunner

Andy Brunner  is Head of Investment Strategy, Morningstar UK

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