Videos | December 11, 2013

The five most important economic developments of 2013

The shutdown of the United States government is one of five key economic developments in 2013, ING economists say.

Senior economist Martin van Vliet said in the December economic update video for eZonomics that the shutdown – which lasted 16 days and was the third longest in US history – as well as Japan’s “Abenomics ” and the Eurozone’s exit from recession were among the key economic developments this year. Also named were the hints from the Federal Reserve about tapering its quantitative easing and the bailout in Cyprus.

Same again next year?
Van Vliet predicted many of the same issues would still be in play in 2014, including a temporary flare up of the eurocrisis.
“It would be nice if we can also conclude in 12 months’ time, that despite all these events, the world economy actually made good progress,” he said.


eZonomics team
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