2014 WORLD ECONOMY

Advanced economies' growth continued downward movement . Many emerging economies , slowing down growth of 4.8 per cent per year to declined 1 percent annual average growth of advanced economies was . 2.9 percent below average global growth occurred in 2014 after a year what is expected for the world economy ?in both developed and emerging markets will experience a modest increase economic performance . Advanced economies last five years will start to see the benefits of the difficulties experienced . Private sector borrowing rates are low ( income households , banks, non-financial corporations ), financial barriers and monetary policies protecting percent annually as a result of the application of 1.9 growth rate will reach .
Moreover, low profitability , high- energy shock in 2014 as the unseen risks will be less conspicuous . For example, Eurozone collapse , the U.S. government's shutters closing or the debt ceiling fight , the Chinese economy hard fall , Israel and Iran nuclear issue, there will be another war , all these threats are much more subdued and is unlikely to .Still, the most advanced economies ( U.S., Euro Area, Japan , United Kingdom, Australia and Canada) growth will reach barely or never reach their potential . Household incomes of most developed economies , banks and non-financial companies to be printed with high borrowing rates , this will require a reduction of the borrowing rate . High budget deficits and public debt burden of the government will be forced to continue the painful monetary arrangements . Policy and regulatory uncertainty abundance of private investment spending to keep under control .
In addition, the appearance of long-term economic restrictions moisturizes 2014 . Human and physical capital in developed economies for many years yet occurred the negative impact of adequate investment in productivity growth is affecting developed economies , and therefore many of the attractions in the risk of an economic recession have grown continuously . To reach the true potential of these economies is a very slow structural reforms needed to be fulfilled.Lower than in the euro area , though unseen risks , the basic problems still unsolved case . Low growth potential, high unemployment, already high and rising public debt , competitive power and the loss of labor wages slowly lowering ( a strong euro it makes it harder ) and banks ' ongoing borrowing rates drop because of overly tight credit restrictions Eurozone ' of the most fundamental problems. Meanwhile, a banking union will be slow and progressive process of austerity along with fatigue continued to grow despite the political risks for the establishment of a monetary union with no steps will be taken .Japan 's deflation in the economy two decades , Prime Minister Shinzo Abe's government against the monetary easing and fiscal expansion was the remarkable improvement . The greatest uncertainty would increase Japan's consumption tax and Abenomics called structural reforms and trade liberalization transition to the third reading of the application will be slower than necessary.2014 performance of the U.S. economy from shale oil revolution , employment and housing market developments and manufacturing industries back into the country again , - the offshoring of production " reshoring " in the - will benefit . If downside risks (especially considering the midterm elections will take place in November ) political deadlock in Congress that may arise . This will limit the long-term fiscal consolidation process , the Fed's quantitative easing and zero interest period at the outlet of political attitude and will continue to obscure regulations .