Understanding how macro economic conditions act as headwinds or tailwinds for growth initiatives is a crucial element in formulating growth strategy. But economic analysis is often pretty dense. There is a terrific economic forecast article here by IHS Global Insights. Very comprehensive yet easy to read and absorb. Key takeaways include:
- Global economic growth expected to accelerate to 3.2% in 2014 from 2.5% last year – roughly 30% improvement.
- US, UK, Germany, and Japan will lead the charge while emerging markets continue to cool.
- Key risks include slow recovery in corporate capital expenditures, geo-political risks in oil & gas producing regions, and hidden instability in un-regulated Chinese “banks”.
Click the picture for a good video interview with IHS chief economist.