Goldman's 2014: Stronger growth, more differentiation

2014 Outlook

Anna Stupnytska, macro economist at Goldman Sachs Asset Management, reveals the group's global outlook for 2014

Euro expansion The euro area’s expansion is poised to continue in 2014, although growth acceleration is likely to be muted, especially given weak credit growth. The material progress by the peripheral countries in improving competitiveness, and pushing through structural reform, should help reap growth benefits. We expect further rebalancing between the core and periphery to continue gradually, together with slow convergence of financial conditions within the euro area. At the same time, the European Central Bank will need to ease policy further to combat disinflationary forces. Certai...