If it were not for the euro-zone crisis, world economic growth would probably gather pace next year. Prospects for the US are brightening, there has been significant progress with private sector deleveraging and we think oil prices are more likely to fall than rise. However, in practice, we expect a deepening of the euro-zone crisis, continued public sector austerity and a structural slowdown in key emerging economies to keep global growth weak in 2013-2014.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services