unkonventionellen Maßnahmen in den USA wird die Geldpolitik global weiterhin sehr expansiv sein. Zudem dürfte die Finanzpolitik weniger …. Despite the expected start of tapering of unconventional measures in the US, the stance of global monetary policy will remain …, the global economy will grow at rates of about 4 percent in 2014 and 2015. The German economy continued its recovery …

weniger expansive Geldpolitik. Global bleibt die geldpolitische Ausrichtung aber weiterhin sehr expansiv. Außerdem wird die … environment. The upward momentum of the global economy weakened slightly in the final quarter of 2013. However, developed … global economy ought to accelerate again. Over time, the continuing low rate of inflation and the gradually improving …

Prognosezeitraum wird die geldpolitische Ausrichtung global expansiv bleiben. Die restriktiven Impulse der Finanzpolitik in den … therefore decrease correspondingly slowly. Inflation remains weak. Global economic growth was weaker at the start of the year … will diminish. After a weak start to the year, the pace of growth in global economic development should accelerate somewhat …

in 2015. Global economic growth was far more sluggish in the first half of 2014 than throughout 2013. While … emerging economies has fallen slightly. After a weak first half, the pace of growth of the global economy is likely to increase …. Moreover, geopolitical risks are a drag. Overall, the average annual growth rate of the global economy will reach 3.4 and 3 …

projected to remain low, with 0.9 percent in 2014, 0.7 percent in 2015 and 1.4 percent in 2016. The growth rate of the global …