Moody’s Investors Service has recently published a detailed report entitled: “Global Macro Outlook 2014-15: Role Reversal, as Advanced Economies Emerge as Engine of Recovery.”
In the report, Moody’s noted that reforms and accommodative monetary policy after the global financial crisis and the euro area crisis are slowly bearing fruit in advanced economies with the US economic activity set to pick up during 2014 on the “back of strong corporate balance sheets, favourable financing conditions, a smaller fiscal drag and strong price competitiveness.” In addition and after two years of recession, they believe the euro zone will contribute positively to global growth in 2014 as exporters benefit from competitiveness-improving reforms and as constraints on households’ budgets ease.
By contrast, Moody’s thinks that for some emerging markets, a range of factors point to slower growth than in recent years.
You can view the press release, Moody’s: Advanced economies likely to drive global growth in 2014-15 as emerging markets slow down, on the rating agency’s website here. However, a Google search for “Global Macro Outlook 2014-15: Role Reversal, as Advanced Economies Emerge as Engine of Recovery,” reveals the full report (with a good table outlining their growth projections) can be downloaded here from the website of the Business Times in Singapore.
- IMF Warns of Emerging Markets Slowdown (FT)
- FLASHBACK: Moody’s Downgrades Qatar Rating to Aa3 But Changes Outlook to Stable from Negative (Moody’s)
- Aging will Reduce Economic Growth Worldwide in the Next Two Decades (Moody’s)
- Brazil Slightly Lower in the Latest Global Competitiveness Report
- Moody’s Downgrades China’s But Changes Outlook to Stable From Negative (Moody’s)
- Chart: Stock Market Capitalization as a Percent of GDP (Guggenheim Investments)
- Moody’s Changes Macau’s Outlook to Stable From Negative (Moody’s)
- The World in 2050 (PWC)
- MTN Shares Plunge 12% Despite Strong Annuals as Group Cuts SA Business Outlook Due to Power Crisis (IOL)
- Moody’s Downgrades South Africa Banks, Insurance Companies and Others (Moody’s)
- Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)
- Emerging Market Debt: A Wider Range of Opportunities, and Challenges, in 2021 (Franklin Templeton)
- Moody’s Downgrades Macao to Aa3 with Negative Outlook (Moody’s)
- Taking the Lead: How China is Driving the Global Economy and Creating Opportunities (UBS)
- South Africa Falls to #56 in the Global Competitiveness Report