S&P : A Parting Of The Ways In The Global Economy

A Parting Of The Ways In The Global Economy

Standard & Poor’s base-case scenario is for the global economy to continue to expand. We also expect global growth to be a bit stronger in 2015 than 2014, as higher growth in the U.S. (3% after 2.2%) and the eurozone (1.5% after 1.0%) more than offset a slight moderation of growth in China (7.1% after 7.4%) and the U.K. (2.5% after 3.1%). Unfinished business in the global economy remains, generally posing downside risks to our base-case scenario. That unfinished business relates to the residual headwinds, if not semipermanent scars, left by the global financial crisis and the Great Recession, the hybrid economic architecture of the eurozone, Japan’s valiant bid to end a secular deflation and lift its flagging real growth while repairing its sorry fiscal finances, and China’s need to rebalance growth and reform its economic system while digesting a credit and investment overhang from its state-directed growth spurt after the 2008 crisis

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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