IHS Global Insight on the world’s economy: Stuck in a soft expansion
IHS Global Insight, Lexington, Mass., just released an early-bird glimpse of its May World Economic Forecast. The international economic consulting firm says, “The global economic outlook remains lackluster, with real GDP growth predicted at only 2.5% in 2013 and then gradually accelerating to 3.5% in 2014. The sustained weak growth is the result of deleveraging (including very tight fiscal policies) and political uncertainties in the United States and Europe.