Jamie Faurice

Global Overview

Neil Ferguson, Madeleine Antoncik, Jamie Faurice, Pierre Beaudoin, Bob Collymore

Citi economists and industry leaders projected a historically low 3.5% global growth rate in 2014, driven by divergent trajectories where emerging markets account for 70% of expansion despite slowing major economies like China and Brazil. The analysis highlighted critical structural shifts, including the "Chimerica" dynamic of US-China growth contributions, the asset bubble risk from a tripling market capitalization, and the urgent need for infrastructure investment to address aging fleets and urbanization. Panelists further warned of systemic fragilities such as regulatory blind spots in shadow banking, the asymmetry of central bank policy responses, and severe "black swan" threats including youth unemployment and cyber attacks.