Brush away the old and bring in the new; a sentiment that seems to echo around the world as politicians, economists and citizens of the world make the transition from 2012 to 2013.
In an eight-point review the Economist Intelligence Unit examines the key economic issues and challenges that the world is likely to face in 2013:
- Stronger global GDP growth.
- Relative calm in the euro zone?
- More fiscal brinkmanship in the United States.
- An extension of the risk asset rally.
- A Japanese reflation agenda.
- A higher profile for structural reform.
- Austerity – a central economic and political issue in the Eurozone.
- Political changes – Settling in for China and Japan; elections in Italy (February) and Germany (September).
The EIU is a forecasting and advisory service established in 1946, and operating as an independent business within The Economist Group. Further insight into these issues can be read here.