Self-sustaining recovery has begun in richer economies – World Bank

According to a World Bank report, a ‘self-sustaining recovery’ has begun in richer economies.

In the report it was highlighted that if “taper causes rapid interest rate adjustments, countries with large current account deficits or high debt levels would be most vulnerable.”

As per worries of the QE unwinding, the report sees “likely smooth unwinding from quantitative easing polices in advanced economies.”

The World Bank also announced a cut in the 2014 growth forecast for developing countries to 5.3% (from 5.6 pct in June), while projecting global GDP growth further strengthening to 3.4% in 2015 and 3.5% in 2016.

Lastly, the report has raised 2014 world growth forecast to 3.2% vs 3.0% projected in June, saying, as stated above, that ” a self-sustaining recovery has begun in richer economies.”

source:http://chicbull.com/self-sustaining-recovery-has-begun-in-richer-economies-world-bank/

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