Description

North America’s GDP growth recovered strongly in H1 2014, due to improved domestic demand, reduced fiscal restraints in the United States, and increase in Canadian exports. Manufacturing and energy are likely to remain the primary growth sectors of the region in H2 2014. Faltering emerging market performance is expected to increase FDI flows into the North American region in H2 2014. Despite the tapering monetary stimuli in the United States (expected to end Oct. 2014), economic growth is likely to remain sturdy in H2 2014 due to heightened domestic sentiments and strong investment growth.