World economy at a low speed – Nordea’s Economic Outlook published today
- The world economy is improving, but uncertainties are high. Monetary policy will remain very cautious over the coming years, and the tightening of fiscal policy in the Euro area also subsides. The key word is still debt reduction in both the private and public sector, and credit growth will be weak. In our report we forecast moderate growth in the world economy of 3.1% this year, increasing to 3.5% in 2013 and 3.8% in 2014, says Helge J. Pedersen, Nordea’s Global Chief Economist.
Read the report on nordeamarkets.com.