Moderate Growth Expected for Global Economy

SEATTLE-Locally based Colliers International, the global economy will grow slowly in 2014, with gross domestic product growth remaining below 5% in most countries. A recent report, titled 25 Predictions for 2014, also forecasts expansion in second-tier markets as global investors look for new opportunities.

KC Conway, chief economist at Colliers International, says in the report that “Around the world, we foresee investors looking to emerging foreign markets for opportunities, with European investors focused on Germany, Poland, Spain and Ireland, and Chinese investors moving into Europe and the Americas.” In the US, he says, “rising interest rates could drive up the cost of capital and encourage investors to turn to secondary markets, such as Charlotte, Tampa, Indianapolis and Memphis.”