The main theme of our latest outlook is one that you have now heard for a few days: we have moved from a two-speed recovery to a three-speed recovery.
Emerging market and developing economies are still going strong, but in advanced economies, there appears to be a growing bifurcation between the United States on the one hand, and the Euro area on the other.
This is reflected in our forecasts. Growth in emerging market and developing economies is forecast to reach 5.3% in 2013, and 5.7% in 2014. Growth in the United States is forecast to be 1.9% in 2013, and 3.0% in 2014. In contrast, growth in the Euro area is forecast to be -0.3% in 2013, and only 1.1% in 2014.
Filed under: Advanced Economies, Asia, Debt Relief, Economic Crisis, Economic outlook, Emerging Markets, Europe, Fiscal policy, growth, Low-income countries | Tagged: Brazil, China, economic forecasts, euro area, Europe, Germany, IMF, iMFdirect, India, International Monetary Fund, Italy, Japan, Olivier Blanchard, Spain, United States, WEO | 1 Comment »