Global Economy 2014

Naveen kumar
Roll no: 946, 3rd semester, 2nd year
Session- 2013-18

1. Introduction
2014 will be a milestone in many respects. It will mark the hundredth anniversary of the start
of the First World War, the 70th anniversary of the Bretton Woods conference that gave birth
to the IMF, and the 25th anniversary of the fall of the Berlin Wall. It will also mark the 7th
anniversary of the financial market jitters that quickly turned into the greatest global
economic calamity since the Great Depression. This crisis still lingers. Yet, optimism is in the
air: the deep freeze is behind, and the horizon is brighter.
The world economy has experienced subdued growth in the year in 2013, unable to meet
even the modest projections many institutional forecasters made earlier, including the World
Economic Situation and Prospects (WESP) 2013. According to the information available in
November, world gross product (WGP) is estimated to have grown by 2.1 per cent in 2013,
lower than the baseline forecast of 2.4 per cent published in WESP 2013, but still better than
the alternative pessimistic scenario presented in that report. Underperformance in the world
economy was observed across almost all regions and major economic groups. Most
developed economies continued struggling in an uphill battle against the lingering effects of
the financial crisis, grappling in particular with the challenges of taking appropriate fiscal and
monetary policy actions. A number of emerg- ing economies, which had already experienced
a notable slowdown in the past two years, encountered new headwinds during 2013 on both
international and domestic fronts.

AIMS AND OBJECTIVE :

The objective of the researcher is to
1. present a detail report on the global economy 2014.
2. study about the global economic crisis on the developing countries .
3. Study its impact on India

SCOPE OF THE STUDY

The scope of the study is limited to studying present condition of economic around the
world and developing countries . The resercher has also looked into Indian scenario
to resent a detail report on the topic.

HYPOTHESIS
For the purpose of the project the researcher has used an argueando that the
economic condition of the world and developing countries is degrading at a rapid rate
in the present year.

Research Methodology The method of research adopted is secondary research.

The researcher has used secondary sources to answer his statement of problem.
Various books,case laws and articles have been heavily referred while writing the
project work. A uniform method of citation is used and works of various scholars
which were referred is gratuitously acknowledged in the citation.

SOURCES OF DATA For any project research, researcher has two sources of
data :- 1. Primary Data 2. Secondary Data.
Here the researcher has relied upon the secondary data in the forms of Books ,
magazines, articles,, Thesis, internet sources etc. written on the present topic.

Chapterisation
1. Introduction
2. Global economic outlook 2014
inflation outlook, challenge of high unemployment, international finance
and trade, uncertainities and risks, policy challenges like fiscal policy,
monetary policy etc,
3. Impact of global economic crisis on developed countries ,developing
countries and under developed country.
4. The state of econmy in India
5. Conclusion and suggestion
Bibliography