Predictive Analytics Forecast Snail’s Pace Growth

In the Euro Area, growth has been disappointing with readings in industrial production in the first three months of 2014 below last December’s level. Preliminary first quarter of 2014 GDP numbers show overall growth of 0.8% annual rate with nil growth in France and declines in Italy and the Netherlands. Recent indicators for China point to a high probability of a further slowdown in its economic growth. With a debt-to-GDP ratio of 230% in the non-financial sector, “bubbling” home prices, excess capacity and redirection of investment to unproductive sectors, China’s economy slowed to 7.4% growth in the first quarter of 2014, below INTERNATIONAL ECONOMIC OUTLOOK Dr. Simos is Director of Forecasting and Predictive Analytics at e-forecasting.com, a division of Infometrica’s Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A. and professor of economics at Paul College, University of New Hampshire, www.infometrica.com, eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and fi nancial markets. Neither the Journal nor Infometrica, Inc. guarantee the accuracy of the projections, nor do they warrant ...