Dun & Bradstreet (NYSE:DNB), the world's leading source of commercial
information and insight on businesses, today announced the results of
its Global Economic Update for 2014, based on deep analysis of its
proprietary business data. The report confirms that the global economy
is headed towards a period of modest growth as worldwide economic growth
is driven by the gradual acceleration in developed economies.
In what is becoming a recurring theme, worldwide growth in real GDP is
estimated at 2.7 percent, above last year's marginal gain of 2.4 percent
and well below 2007's pre-recession rate of 5.2 percent. Although
downside risk persists, Dun & Bradstreet predicts a continuation of this
gradual acceleration over the next few years, citing a 3.3 percent
worldwide growth increase in real GDP for 2015, with further
advancements to occur over the next three years.
"While worldwide post-recession economic conditions remain challenged,
we're seeing an underlying resilience that is positioning the global
economy's potential for its strongest growth since 2009," said Paul
Ballew, chief economist at Dun & Bradstreet. "While the recovery has
underperformed in 2014 our analysis supports a more positive outlook for
2015 to 2018, dependent in large part on stronger corporate strategies
and smarter government policies."
Mid-Year Global Economic Update Highlights
Global GDP growth continues to dip below trends of previous years. Of
the 132 countries assessed using D&B's Country Risk Rating Score, 94
experienced a lower GDP in the first half of 2014, compared to a simiar
analysis of country GDPs in early 2008. According to the report, only 16
countries demonstrated improvements in GDP conditions when comparing
these time periods. As growth estimates are revised upward for the next
three years, global recovery is slowly becoming embedded.
Private sector restructuring in advanced economies in combination with a
decline in household debt levels are positioning developed economies for
stronger growth over the next few years.
Despite optimistic signs pointing to elevated growth, headwinds in the
form of less accommodating monetary policies, rising interest rates and
continued debt burdens present significant obstacles to growth. The need
to accelerate development in emerging markets is more critical than ever
to generating growth in those economies.
To read the full Global Economic Outlook Report for 2014-2018, please
D&B publishes its perspectives on macroeconomic trends and their impact
on global business several times annually. Leveraging its global
commercial database, Dun & Bradstreet provides insight on the health of
industries, small businesses, and global and local economies.
About Dun & Bradstreet® (D&B)
The Dun & Bradstreet Corporation is the world's leading source of
commercial data, analytics and insight on businesses. Our global
commercial database contains more than 235 million business records. We
transform commercial data into valuable insight which is the foundation
of our global solutions that customers rely on to make critical business
D&B provides solution sets that meet a diverse set of customer needs
globally. Customers use D&B Risk Management Solutions™ to mitigate
credit and supplier risk, increase cash flow and drive increased
profitability, and D&B Sales & Marketing Solutions™ to provide data
management capabilities that provide effective and cost efficient
marketing solutions to increase revenue from new and existing customers.
For more information, please visit www.dnb.com
or follow @DnBUS.
The Information provided in this Economic Update is not investment
advice, constitutes general information only, must not be relied upon
for investment purposes and represents the opinion of the author only as
of the date hereof.
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