# Prof. Michael Spence shares his predictions for the economy in 2014

1 Faculty News December 20, 2013 ![Council on Foreign Relations blog logo](/sites/default/files/styles/246w/public/assets/images/con_030870.jpg?itok=byjB3w4b)>

Excerpt from [Council on Foreign Relations](http://www.cfr.org/international-finance/prospects-global-economy-2014/p32068) -- "The 2014 global economy is likely to see a reemergence of the post-crisis pattern of relatively high growth in the developing economies, a continuation of real growth in the United States, and very low growth in Europe."

[Read more](http://www.cfr.org/international-finance/prospects-global-economy-2014/p32068)