Euromoney (December Issue)
We might be in line for some tasty economic porridge in 2013. “The US, Japan and Europe will be too cold next year. Manufacturing from emerging economies might be too hot. The result, though, might be just right.” World GDP could expand at 3% with industrial output up 5% or more. “Like Goldilocks’ porridge—growth is warm enough to reduce defaults and produce cashflow to service debt, but not too hot to spark inflation and a massive bond sell-off.”
We might be in line for some tasty economic porridge in 2013. “The US, Japan and Europe will be too cold next year. Manufacturing from emerging economies might be too hot. The result, though, might be just right.” World GDP could expand at 3% with industrial output up 5% or more. “Like Goldilocks’ porridge—growth is warm enough to reduce defaults and produce cashflow to service debt, but not too hot to spark inflation and a massive bond sell-off.”
Tags: 2013, Economic forecast, Emerging economies, Europe, GDP, Industrial ouput, Inflation, Japan, Manufacturing, U.S.
