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World Economy Winter 2014 - Gradually better outlook for global growth

Klaus-Jürgen Gern, Nils Jannsen, Stefan Kooths, Martin Plödt and Tim Schwarzmüller

No 1, Kiel Institute Economic Outlook from Kiel Institute for the World Economy (IfW)

Abstract: World economic growth is expected to strengthen gradually over the coming two years. World output is expected to rise by 3.7 and 3.9 percent in 2015 and 2016, respectively, following an increase of 3.4 percent in the current year. Growth is projected to accelerate predominantly in the advanced economies which as a result of progress in deleveraging of the private sector are expected to become more and more responsive to the stimulus from monetary policy and the support from lower oil prices. Emerging economies should benefit from stronger demand in the advanced economies, but structural problems in the domestic economies will prevent a return to high rates of expansion for the time being.

Keywords: advanced economies; emerging economies; monetary policy; Japan; Russia; ASEAN (search for similar items in EconPapers)
Date: 2014
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