FACTORS THAT MAY CAUSE THE RECOVERY OF THE GLOBAL ECONOMY IN 2014

The financial and economic crisis of 2008 led to a number of perverse effects on international trade and economic growth. However, 2013 was marked by the adjustment process of the world economy after the incidence waves of the financial crisis, thus resuming a year of global economic transition to a new economic cycle. The growth of stock market indices during 2013 and particularly those in the United States and Germany could be a factor in economic recovery for 2014. In the global macroeconomic scenario it is expected that the U.S. economy will accelerate in 2014 for a GDP forecast rate of 1.9% annually, which would reconfirm the strength of the U.S. economy to shocks. However, the most important positive impact on the world economy in 2014 could come from the Eurozone: in the central scenario it is expected an increase of the region's GDP by 0.6% annually, a trend driven by public investment and consumption components.