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Top 10 economic predictions for 2013 – IHS

Business forecaster IHS predicts that the growth rate of the world economy will hold steady at 2.6% in 2013, and that a modest acceleration of growth could be seen in the latter part of 2013 and during 2014.

In its Top 10 Economic Predictions for 2013, released by IHS chief economist Nariman Behravesh in December, IHS notes that this "cautiously upbeat outlook" is based on the expectations that:

  1. the massive monetary stimulus put in place in many key economies over the past year and a half will have some positive impact on growth; and
  2. that the current episode of 'extreme uncertainty' – related to the US fiscal cliff, the Eurozone debt crisis, China’s growth and instability in the Middle East and Africa – will become less intense and that worries about many of these risks will diminish.

IHS' top 10 economic predictions for 2103

  1. The US recovery will gradually pick up steam;
     
  2. European growth will be weak in the north and negative in the south;
     
  3. China’s economy will slowly gain momentum;
     
  4. Other emerging markets will also show signs of life;
     
  5. Commodity prices will move sideways again;
     
  6. Inflation will remain tame;
     
  7. Central banks will mostly be in wait-and-see mode;
     
  8. Fiscal policy will stay tight or become tighter;
     
  9. The US dollar will be stronger against the euro and flat against the rest;
     
  10. The risks facing the global economy will be more balanced.

     

Read the predictions in detail here.

 

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