PDF January 16, 2014
The global growth cycle remains slow and uneven. Based on the latest forecasts, global GDP is expected to grow by 2.6% in 2014 and by 3.1% in 2015. This lackluster growth nvironment, along with low—if not declining—inflation in some countries, is expected to compel central banks to ease policy further. In this group, we‘d include the European Central Bank (ECB), Bank of Japan (BOJ), People’s Bank of China (PBOC) and a number of central banks in developing economies.