USA lead with 3.4% global growth this year – LaRepública.pe

USA lead with 3.4% global growth this year – LaRepública.pe

Sunday, 25 January 2015 | 4:30 a.m.

Stock Exchange. Fair winds for the US economy

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Factors. The projections upward would be driven by higher private consumption and government spending.

During the World Economic Forum in Davos, economic analysts agreed that the United States will lead the economic activity world this year.

One of them was the deputy managing director of the International Monetary Fund (IMF), Min Zhu, who estimated that the US will grow 3.4%, driven by private consumption and a little by the public spending, but noted that “investment is still weak” compared to 2007.

In the same vein, the governor of the Bank of Japan, Haruhiko Kuroda, who was very optimistic about the robustness of growth of the US economy.

However, the Japanese economy projected to grow only 2% during this 2015.

Meanwhile, the French member of the executive committee of the Central Bank Bank (ECB), Benoit Coeuré, predicted the US economy will be stronger than that of the euro area.

“We expect the financial environment as follow. We need international financial markets that work well, “said Coeuré, Head of International Relations on the executive committee of the entity.

However, experts predict that the decline in oil prices push stop an outcome low inflation.

In this context, the Bank of England Governor, Mark Carney, said that it is the responsibility and desire to bring the central bank rate hike in prices at target levels.