Post-crisis global growth trends

Confidence in world economic growth is growing, but the geography of growth is changing. While the UK and the Eurozone countries are expected to reduce budget deficits, oil producers are expected to increase theirs by a comparable amount. In India and Russia, expectations about fiscal deficits reflect wider economic concerns.

Investment spending is expected to grow only modestly in the five years to 2017. Asia is the only region in which investment spending is expected to rise further – and this excludes India and China, where it is expected to fall. This paper analyses these fluctuating trends and assesses their implications.

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