Researchers expect the global economy to grow

A team of researchers from major American commercial bank Morgan Stanley issued a unique prediction for 2014 on key transitions in the global economy, the Business Insider reports.

The study indicates five main scenarios for the largest economies in the world at present.

1. USA goes the way from the quantitative easing policy, the essence of which is to stimulate the national economy by injecting a certain amount of money, to the interest rate policy.

2. Japan is moving from deflation to moderate inflation.

3. Europe: from the financial fragmentation to the secure banking union.

4. China - improve economic performance through reform.

5. Developing countries are moving away from the traditional economic models to the new models of sustainable growth.

Researchers believe that the steady growth of the world economy depends on changing the model of economic development of these countries.

Some countries have already begun to build on new economy principles. Thus, Japan has long been struggling with deflation, and China - to implement economic reforms. In the U.S., the transition from quantitative easing to the interest rate will affect the monetary policy of the state. However, in contrast to other regions, it will not change the overall economic picture of the country.

Morgan Stanley research team believes that 2014 will be outstanding in the unique global growth. Thus, the increase in global GDP in 2013 will be slightly less than 3%. In 2014, this figure will increase to 3.5% of GDP, and in the coming years will increase by 3.5-4 %.