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Published on Thursday, September 4, 2014 | Updated on Monday, September 15, 2014

World GDP: Global recovery in 2014 keeps pace

The general picture remains the same as in the last monthly update. After its first quarter deceleration, World GDP growth maintains the ascending path initiated in the second quarter of 2014. However, the August update for the BBVA GAIN Model led us to a revise slightly downward of our July estimates of World GDP growth for the second (backcast), third (nowcast) and last quarter (forecast) of 2014 (see Table 1).