* We have left our global economic growth forecasts unchanged at 2.8% for 2013 and 3.6% for 2014.
* The disruption to markets by the US political gridlock is unlikely to have a long lasting effect on the US economy.
* We have not revised down our US GDP growth forecasts because of the political gridlock.
Despite the disruption to financial markets caused by the US political gridlock over the budget and debt ceiling, we have left our global economic growth forecasts unchanged at 2.8% for 2013 and 3.6% for 2014. Our forecasts are similar to the International Monetary Fund’s forecasts released in early October.
Read the full report: Economic Research
Commonwealth Bank