Global GDP: no change in the last month, 2Q14 and 3Q14 estimates are stronger than 1Q14 data

The BBVA GAIN is coherent with a resumed improvement in global economic growth after the adjustment in 1Q14. However, the uncertainty of global growth is biased to the downside given the risks sparking around the world, from geopolitical events to financial “accidents” in the eurozone or South America.

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