Global Industry Forecasts > Quarterly Industry Forecasts > Engineering And Metal Goods

Investment demand is increasingly becoming wobbly,particularly in Europe where uncertainty around the Ukrainecrisis is hurting already-fragile business sentiment. Inaddition, the trade recovery appears to be moderating, andthere is some concern that the gap between world GDPgrowth and world trade growth will not return to the 3-4percentage points seen in the 1990s and 2000s. Theseadverse developments have led us to revise global sectorgrowth for 2014 downward to 4½%.