The global economy will improve according to the World Bank

The forecasts of improvement in developing countries and the economically powerful, are gaining confidence according to the World Bank. The agency expects the global growth to increase 3.2% this 2014, eight tenths higher that 2013, and reach a stability of 3.4% in 2015 and 2016.

With these data, the institution expects the crisis to end after five years. Likewise, the World Bank sees points of vulnerability as the effect of higher interest rates and volatility in capital flows, after the beginning of the transition towards monetary normality by the Federal Reserve.

It is noteworthy that much of the upturn is attributed to the developed economies which are overcoming the recession. In this segment, the growth for this year is 2.2% and the following years would be around 2.4%.

While for developing countries growth will be slower than expected, with an upturn of 4.8% in 2013 to 5.3% in 2014, then up two tenths in 2015 to reach a 5.7% in 2016. Despite this, the World Bank said, “there is no cause for concern.”

For its part, the International Monetary Fund intends to submit within a week its updated overall growth projections for the global economy.