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Global Growth Accelerating, September 2013

Global economic growth remains below trend, but now appears to have passed a trough. Nevertheless, a better outlook is creating risks for developing countries, with capital flowing back to the advanced world and affecting currency and equities markets. These risks appear to be subsiding for the time being, but the inevitable unwinding of monetary policy stimulus in major countries is likely to cause further disruption to capital flows and financial markets. Financial market volatility will be to the benefit of property as a global asset class, as more investors seek the stability and security of physical assets against the backdrop of an improving demand outlook.​

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pdf | 202087