The Rising Influence of Rising Affluence

[DewDiligence]

IMF raises 2014 GDP growth forecasts slightly:

http://www.bostonglobe.com/business/2014/01/22/imf-raises-outlook-for-global-and-economies/RV8y74Qe9EDk5qiDMQ88RL/story.html

In an outlook released Tuesday, the global lending organization forecast that the world economy will grow 3.7 percent in 2014 and that the US economy will grow 2.8 percent. The global forecast is 0.1 percentage point higher and the US forecast 0.2 point higher than the October forecast.

The IMF’s 2014 growth forecasts for China and the EU are 7.5% and 1%, respectively.

Also please see #msg-96168698 regearding the (declining) likelihood of a “hard landing” in China.