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Published in:
2014 | OriginalPaper | Chapter
1. Introduction
Authors : Carol Yeh-Yun Lin, Leif Edvinsson, Jeffrey Chen, Tord Beding
Published in: National Intellectual Capital and the Financial Crisis in Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela
Publisher: Springer New York
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Abstract
In early 2013, the International Monetary Fund (2013) projected that global growth will increase during 2013 as policy actions have lowered acute crisis risks in the Euro area and the United States. However, the recovery in the Euro area was slower than expected, Japan has slid into recession, and there are risks of excessive near-term fiscal consolidation in the United States. Nevertheless, policies have supported a modest growth pickup in some emerging market economies and global growth could be stronger if financial conditions continue to improve.