Informe Económico Preliminar : 2013

Abstract

Global economic growth in 2013 remained at a weak pace, however, the outlook for 2014 is beginning to change. This shift is being led primarily by the United States, where changes have already been made to the long-term asset purchase program the Fed has been implementing since September 13, 2012. Analysts differ as to the impact this measure could have on emerging economies. On the one hand, the increased cost of external financing will have a negative impact on economic activity, primarily on consumption and investment in those countries that benefited from an influx of low-cost capital. On the other hand, a strengthening of the US economy would be a source of increased external demand for export-oriented countries.