• Global growth seen at 3.5% in 2013 vs 3.6% in Oct forecast
  • Sees 4.1% expansion in 2014
  • Sees US growth at 2.0% in 2013
  • Eurozone forecast to contract 0.2% in 2013
  • US and European actions have lowered acute crisis risks
  • If crisis risks don’t materialize, growth could be stronger