Better prospect expected in 2014

 

Economic growth stays atop of the agenda across the world. The foremost economies of the world suffer regarding not being able to install enough stability. After seven years passed since appearance of the global financial crisis still there is no wholly steady recovery for the global economy.
Since then the world cannot be able to overcome this global problem!

Some say the big structural problems and imbalances that have dogged the world economy have not gone away.

Is there lack of the institutional or holistic approach?
When the events are regarded wholly, solving the problems could be easy. So, the global challenges require a global approach.

The key problems in the global economy that stay intact on the agenda are high unemployment, as well as high deficits and debt remain as a concern in many countries.

In addition, some of the Arab Spring countries, which remain unstable with regard to political uprising, expected to experience economic difficulties in 2014 too.  

Besides uprising there is also strife in some of the countries in Africa. The situation in both Syria and Iraq are increasingly converting to an impasse and chaos, economic activities have collapsed in Syria.

Over ten years Iraq could not get rid of the strife. We can also add Afghanistan to this category. Without finding solution to these principal problems, would it be possible to let the global economy reach a stable condition?

This year, the aim of World Economic Forum Annual Meeting is to develop the insights, initiatives and actions necessary to respond to current and emerging challenges in the world.

According to the statement from the WEF, “the Annual Meeting remains the foremost gathering to develop and shape global, regional and industry agendas based on the principle that today’s challenges can best be tackled through a multi-stakeholder, future-oriented approach.”

So, this year’s forum can be an opportunity to discuss sincerely these main problems at the meeting to find a permanent solution to both economic and humanitarian crisis.

In this, the foremost members of the international community and the United Nation can play a key role to bring a solution. We hope this main humanitarian issue to be addressed seriously to find a genuine solution. Because of discussions at the 68^th General Meeting of the United Nation was not be able to find a clear and permanent solution to the problem… Regarding existing of challenges in the global size, anxieties do not annul.   

Despite emerging market economies are playing a greater role in the global economy, but they are also exposed to a greater risk, because of general conjuncture. This opinion shows that from now on the emerging economies cannot be able to carry the entire burden of the global economy.

Europe’s debt crisis is not seen far from over, and China’s economy continues to slow.

China’s economy has slowed after decades of double digit expansion. In Euro zone growth will slow in the 18 nations that use euro with unemployment likely to inch higher in the new year.

Their growth rates are projected to remain much above those of the advanced economies, but below the elevated levels seen in recent years, for both cyclical and structural reasons.

Japan’s economy is enjoying a vigorous rebound but will lose steam in 2014 as fiscal policy tightens.

However, 2014 expected to be better year than 2013; IMF expects global economic growth 3.6 percent in 2014, from roughly 2.9 percent in 2013.

Turkey’s growth is foreseen 4 or over 4 percent in 2013. This performance is among the best compared with peer countries; the prediction for 2014 is over 4 percent...