Outlook

Despite a multitude of crises and conflicts, economists expect the global economy to continue to expand in the next two years. How robust this growth will be, however, depends on the extent to which geopolitical risks can be contained. The low oil price could spur global growth. The USA should see its economic output continue to grow strongly relative to the past year. Growth in Asia will be at the 2014 level – and China will be no exception. Growth in India might even speed up, due to economic reforms launched by the new government. Europe’s recovery will continue at a moderate pace, according to the experts. In our scenario, we project that the global economy will expand in 2015, with similar growth in 2016.