The New Year has delivered some renewed optimism for the global and NSW economies in 2014. The improved sentiment was clearly evident on my recent visit to ratings agencies and global investors in Singapore, the UK and Japan last month. The global economic recovery looks like gaining traction as the year progresses. For the first time in two years, the IMF raised the forecast for 2014 in its January update (albeit only slightly), largely on the back of a pick-up in prospects for advanced economies. Expectations of a continued improvement in 2015 remain unchanged.
Last updated: 04/02/2021
