## World Economic Outlook, October 2014: Legacies, Clouds, Uncertainties

_World Economic Outlook, October 7, 2014_

## Source details

**Canonical URL:** [World Economic Outlook, October 2014: Legacies, Clouds, Uncertainties](https://www.imf.org/en/publications/weo/issues/2016/12/31/world-economic-outlook-october-2014-legacies-clouds-uncertainties-41632)

## Other formats

- [Markdown version](/en/publications/weo/issues/2016/12/31/world-economic-outlook-october-2014-legacies-clouds-uncertainties-41632/index.md)
- [Structured JSON version](/en/publications/weo/issues/2016/12/31/world-economic-outlook-october-2014-legacies-clouds-uncertainties-41632/index.json)
- [Bundle manifest](/en/publications/weo/issues/2016/12/31/world-economic-outlook-october-2014-legacies-clouds-uncertainties-41632/bundle-manifest.json)

## Bibliographic details
- Published: October 7, 2014
- Series: World Economic Outlook
- DOI: https://doi.org/10.5089/9781498331555.081

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### Overview and key findings
- The pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions.
- These increased risks make it a priority to raise actual and potential growth.
- In a number of economies, an increase in public infrastructure investment can provide support to demand and help boost potential output.
- In advanced economies as well as emerging and developing economies there is a general, urgent need for structural reforms to strengthen growth potential or make growth more sustainable.
- The four individual chapters examine:
  - the overall global outlook,
  - the prospects for individual countries and regions,
  - the benefits of increased public infrastructure investment in terms of raising output,
  - the extent to which global imbalances have narrowed significantly since their peak in 2006.

### Policy implications and priorities
- Raise actual and potential growth in the face of disappointing recovery and heightened downside risks.
- Scale up public infrastructure investment in a number of economies to support demand and boost potential output.
- Implement structural reforms across advanced, emerging, and developing economies to strengthen growth potential or make growth more sustainable.

### Thematic coverage and subjects
- Balance of payments; Current account balance; Economic sectors; Emerging and frontier financial markets; Expenditure; Financial markets; Inflation; Infrastructure; National accounts; Natural gas sector; Prices; Public investment and public-private partnerships (PPP); Public investment spending.
- Regional and topical keywords include: Asia and Pacific; Caribbean; Middle East; Sub-Saharan Africa; Europe; Global; U.S. dollar; WEO; world GDP; oil price; infrastructure investment; investment efficiency; public investment.

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## Content in this bundle

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_Source: https://www.imf.org/en/publications/weo/issues/2016/12/31/world-economic-outlook-october-2014-legacies-clouds-uncertainties-41632_