Economic Outlook November 2013

The focus since the last Economic Outlook has shifted away from the Eurozone, where the crisis is abating as modest growth will end two years of contraction.

Now attention has turned to the USA, where the Federal Reserve’s announcement of a ‘tapering’ of US expansionary monetary policy sent shockwaves through the global financial system and revealed structural weaknesses in some leading emerging economies.

Economic Outlook November 2013