Quarterly Global Outlook-October

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October 20, 2014

During the summer we downgraded the growth outlook from par to subpar. The positive readings on the US economy did not compensate for the slowdown of Japan and Eurozone economic growth. According to our forecasts, the global economy should grow at 3.4% this year and at 3.8% in 2015. Next year, growth figures should improve in the main economic areas, with the exception of China, where GDP targets will likely be officially revised downward.

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