The global markets have been following a series of major events, including slowing economic growth in China, rising geopolitical tensions between Russia and Ukraine, and a reduction in the Fed's asset purchase program.
Citibank has released a report entitled "Global and Strategic Economic Outlook" to illustrate where the world's major economies are heading in the coming period.
Economists expect the world economy to grow by 3.1% this year and 3.4% by 2015.
Citigroup analyst Michael Saunders said his team continues to lower its growth forecast for emerging markets, although a revised forecast for this month shows a significant drop in Russia's gross domestic product (GDP), reflecting uncertainty and a recent increase by the Russian central bank Interest rate.
For China, Saunders predicts that policymakers will react to the slowdown in growth associated with "credit facilities".
Among the developed economies, Citi expects higher growth in the euro zone, the UK, but Sweden has reduced Japan's growth prospects. As for the United States, the bank does not expect to raise rates until mid-2015.
The following is an explanation of the most important economies, including GDP forecasts until 2018.
