IDEAS home Printed from
   My bibliography  Save this article

2014: The turning point in the post‐crisis world


  • Mihai Pascu

    (Transilvania University of Braşov, Braşov, Romania)


This article explores the significance of the current year in the evolution of the world economy. In 2014, it is for the first time after six difficult years when we can discuss about the post‐crisis world. From this point of view, 2014 is a turning point in the evolution of the post‐crisis world. This year the start of a genuine economic recovery will take place, according to current forecasts. In 2014, the average GDP growth for advanced economies will be 2.2% compared to 1.6 in 2013. The process of recovery is more pregnant in the United States and in the United Kingdom. At the same time, it is worth mentioning that the eurozone will experience a positive evolution after several years of negative growth. Let us not forget that the emerging world will experience a growth pace twice as big as that of the developed world. China is forecast to achieve 7.5% growth this year. Developing Asia and Sub‐Saharan Africa are expected to lead the way as usual. In aggregate, the growth of emerging economies is forecast at 5.1% this year, up from 4.7% in 2013. This will diminish the gap between the developed world and the emerging world, respectively.

Suggested Citation

  • Mihai Pascu, 2014. "2014: The turning point in the post‐crisis world," Management & Marketing, Economic Publishing House, vol. 9(1), Spring.
  • Handle: RePEc:eph:journl:v:9:y:2014:i:1:n:6

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eph:journl:v:9:y:2014:i:1:n:6. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simona Vasilache). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.