Barclays economists see 2014 GDP at 3.4% and 2015 at 3.7% on diminishing uncertainty, fiscal headwinds ebbing and monetary policy gaining traction as balance sheets are repaired.

They’ve broken down the numbers as follows;

  • Advance economies 1.9% 2014, 2.1 in 2015, from 1.1% this year
  • US from 1.7% in 2013 to 2.4% 2014, 2.6% 2015
  • EU 0.4% 2013 to 1.2% 2014, 1.4% 2015
  • Japan 1.8% 2013 to 1.5% 2014, 1.3% 2015
  • China 7.7% 2013 to 7.2% 2014, 7.4% 2015
  • EM’s 5.0% 2014, 5.4% 2015 from 4.7% 2013
  • BRIC’s 5.8% 2014, 6.0% 2015 from 5.8% 2013

They’re in lower than official forecasts for US Growth and more or less on the money for matching EU and Japan estimates. One thing we can all agree on is that we won’t be seeing booming growth anytime soon.