Global Economic Outlook - 2014 - Four Seasons of Leverage
Global Economic Outlook - 2014 - Four Seasons of Leverage ■ 1# Bumpy growth relay from emerging to advanced For the first time post-crisis, we expect advanced economies in 2014 to see an increased contribution to global growth as emerging economies deleverage. Commodity markets will sit at the heart of this dynamic - our strategists look for range-bound markets in 2014.