Brasilia – The world economy is expected to grow by 3.2% in 2014, reaching 3.4% and 3.5% in the next two years – an increase by approximately 1 point in relation to the 2.4% reached in 2013, according to forecasts by the World Bank, in it’s biannual report Global Economic Prospects. According to the document, released this Wednesday (15) in Washington, the world economy is expected to grow stronger in 2014, and developed countries will manage to recover from the world financial crisis, after five years.
Reaching growth stability above 3% this and the following two years shall be based not only on wealth production in the developing countries and the strong Chinese growth, but also in the economic acceleration in the developed countries, according to the report. However, the document points out the risks of this optimistic result, among which, the increase in interest rates and the consequences of ending the encouragement in the United States economy.
Developing countries growth rates are expected to go from 4.8% in 2013 to 5.3% this year, and 5.5% and 5.7% in the following two years, indicating a lower increase than in the years prior to the financial crisis, something which, according to the World Bank, is not cause for concern, since growth rates above 7% are unsustainable on the medium run.
*Translated by Silvia Lindsey
