1st Quarter 2014
China’s government recently announced ambitious plans that could make the Chinese economy more market driven, consumer driven, transparent, and prone to proﬁtable investing. Implementation remains a signiﬁcant challenge, but it is crucial to rectiying the country’s currently unbalanced system.
Te United States celebrated the New Year with economic pain rather than champagne as it coped, once again, with the ﬁscal crisis that never was. However, undamentals remain strong, and growth engines should begin to pick up steam by the second hal o 2014.
Tree interrelated actors are critical to the Eurozone’s growth perormance in 2014 and beyond: acceler-ating business investments, stabilizing credit conditions, and decreasing uncertainty.
With inﬂation accelerating consumer spending and a declining yen boosting exports, Abenomics seems to be working. However, uncertainties about an anticipated tax increase and the degree to which the government will engage in deregulation continue to cloud the country’s growth projections.
Despite a period o slow growth, high inﬂation, ﬁscal deﬁcits, external imbalances, political uncertainty, and poor business conﬁdence, India has an opportunity to restore growth by implementing policies that make better use o its considerable assets.