Global Economy Forecast for year 2014
By taking the economic conditions of all of the countries into consideration, we can get a clear picture of the global economy. Understanding the global economy and the shifts among countries allows businesses to better allocate capital to geographic regions that are experiencing growth.
Currently, the U.S. is the largest economy in the world, followed by China. Shifts among countries in their global economic ranking are the result of many criteria, including population growth and fiscal and monetary policies. Knowing which part of the world is growing economically and which part is shrinking is extremely important for businesses.