(MENAFN) Global economy is expected to grow by 3.3 percent in 2014 compared to 2.5 percent in 2013, according to Gulf Daily News.
The forecast was made by Nariman Behravesh, chief economist of IHS, the global leader in information and analytics.
Behravesh said: "The easing of the twin headwinds of private sector de-leveraging and public sector austerity will bolster the improved outlook, especially for developed economies."
He added: "Many emerging economies will also likely enjoy stronger growth next year, pulled along by export-led growth to the US, Europe and China. That said, the global growth rebound is likely to be quite modest."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.