In a Stagflation Phase from Lack of Private Investment

34 Copyright © 2013 Journal of Business Forecasting | All Rights Reserved | Fall 2013 quantitative easing rounds, aka printing money, which were partially used intentionally to correct banks’ balance sheets and via financial investments in the stock market, without inducing private capital expenditures, the engine of growth and jobs. Four years into a fragile and weak global recovery, economic policies around the world have failed to stimulate private investment amid uncertainties, anti-business fiscal policies, and rigid labor markets. Economic growth at potential levels is still not around the corner. The weak global INTERNATIONAL ECONOMIC OUTLOOK Dr. Simos is Director of Forecasting at e-forecasting.com, a division of Infometrica’s Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A., www.infometrica.com, eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and financial markets. Neither the Journal nor Infometrica, Inc. guarantee the accuracy of the projections, nor do they warrant in any way that the use of information or data appearing herein will enhance operational or investment performance ...