The GDP growth rates of emerging market (EM) and advanced economies (AE) have been converging since the financial crisis. This theme is set to continue in 2014 as the growth gap between EMs and AEs is forecast to narrow to the smallest in over a decade. As the closing of this gap is being driven mostly by faster growth in AEs, the net result is an uptick in global GDP growth to 3.6% this year (from 3% in 2013).

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