Economic network February 27, the National Bureau of Statistics released today the "2014 World economic situation review and 2015 Outlook" report said that in 2014, the economic operation of developed economies intensified differentiation, the growth of developing economies slowed down, and the world economic recovery is still difficult and tortuous。

Slow economic growth。At the end of the year, major international organizations have lowered their economic growth forecasts for the world and major economies。In December 2014, the world economy was forecast to grow by 2. 2 percent in 2014, based on a GDP-weighted aggregate of exchange rate methods.6%, a slight increase over the previous year.1 percentage point, but down 0 percent from its July forecast.Four percentage points。

Consumption is sluggish in major advanced economies。From January to November 2014, retail sales in the United States increased by 4% year-on-year, down by 0% from the same period last year.2 percentage points, adjusted for price, a slowdown of 1.2 percentage points;Retail sales in Japan rose 1.8%, 1 percentage point faster than the same period last year, excluding price factors, slowing down 0.Three percentage points。Euro area retail sales up 1.2 percent, compared with a 0. 0 decline a year earlier.9%。

From January to November 2014, personal consumption in the United States increased by 2.3%, an increase of 0.5% over the same period last year.Three percentage points;Japanese household spending rose by just 0. 0 per cent year on year.1%, down 1% from the same period last year.Four percentage points。For the whole year, personal consumption in the United States maintained steady growth, and the year-on-year growth rate remained in the range of 2%-3% in each month。The situation of Japanese household spending is not optimistic, with sharp fluctuations in the first quarter and continued negative growth in the second to fourth quarters。