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Economic prospects for 2014

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Economic prospects for 2014
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This year can bring improved growth to the world’s economy, better than previously expected according to the the International Monetary Fund.

Christine Lagarde has said the IMF is about to revise its economic growth forecast upwards. She gave no reason for the revision, saying it would be premature to say any more at this time.

The European Central bank thinks it is premature to change its policy. As the ECB held its first meeting this year, Mario Draghi said that the eurozone may experience a prolonged period of low inflation.

But it looks like when it came to the Christmas presents, Europeans felt free to spend. November retail sales surprised many with a strong increase. As the winter sales kicked off in Europe, we look at how retailers fared over the pre holiday period.

All that and more in this edition of Business Weekly.