The world economy has been in a state of crises since 2008, but the World Bank has said that it is now at a ‘turning point’ and much stronger growth is expected in 2014.
Richer countries will feel the effects of economic growth, more than poorer countries, to begin with. However, there are warnings that the economy is still vulnerable “to the impact of the withdrawal of economic stimulus measures in the US”. The USA has already started to decrease the amount of bonds bought per month by $85bn/£52bn. (A bond is a form of debt. The government has been buying bonds in a sort of IOU loan).
Richer countries will feel the effects of economic growth, more than poorer countries, to begin with. However, there are warnings that the economy is still vulnerable “to the impact of the withdrawal of economic stimulus measures in the US”. The USA has already started to decrease the amount of bonds bought per month by $85bn/£52bn. (A bond is a form of debt. The government has been buying bonds in a sort of IOU loan).