Francisco Azuero's List: Coyuntura mundial 2013

• Global growth is now projected at 3.1 for 2013 and 3.8 percent for 2014, a  downward revision of ¼ percentage point each year compared with the forecasts in  the April 2013 WEO
• Growth in the United States is forecast to rise to rise from 1¾ percent in 2013  to 2¾ percent in 2014,
• Recent increases in advanced economy interest rates and asset price volatility  combined with weakness in emerging market domestic activity led to some capital  outflows, equity price declines, rising local yields, and currency depreciation  in the latter.
• The WEO Update highlights increased risks of a longer growth slowdown in  emerging market economies. These risks reflect the possibility of capital flow  reversals and the possibility of more protracted effects of domestic capacity  constraints, slowing credit growth, and weak external conditions.
• More generally, downside risks, old and new, still dominate the outlook
• As in the past, this means steps to raise domestic demand in economies with  large current account surpluses (such as China and Germany) and measures that  improve competitiveness in economies with large current account deficits.  

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