Global growth will accelerate at least 3.4 percent in 2014 from less than 3 percent this year as the euro area recovers from recession and China and other emerging markets stabilize, according to economists at Goldman Sachs Group Inc., Deutsche Bank AG and Morgan Stanley. The U.K. will be a standout, while Japan risks damping the mood by suffering a mid-year slowdown after an April increase in sales taxes. An improving global-growth picture is widely forecast but, in our view, also still doubted in the investor community, said Dominic Wilson, chief markets economist at Goldman Sachs in New York. We therefore see room for markets to price in a better cyclical story. (VIEW LINK)
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