MEMBER LOGIN
Forgot Password?
I agree to the Terms and Conditions
Remember me on this computer.
   
 

Executive Summary

Three years after the Great Recession, the global economy still struggles. Several shocks over the past two years, such as the earthquake and Tsunami in Japan, and the Arab Spring, continue to impact global economic and energy growth. The debt crisis in Europe has reduced output more than expected. Hart Energy has revised its global growth forecasts downward from its previous year’s projection for 2012-2014.

Still, with the exception of Europe’s recovery, regions are on track toward near term recovery and resumption of growth. Hart Energy’s outlook for 2012 and 2013 has been revised downward by 0.8 percentage points, but the long-term GDP growth forecast remains at 4% – projected to be reached in 2015. Hart Energy forecasts that global GDP will triple to US$193 trillion in 2035 from slightly less than $70 trillion in 2010. The long-term trend line in our GDP growth forecast is still 4%. Global population is expected to increase from 6.2 billion to 8.3 billion people by 2030, according to the U.N. median world population estimate. Per capita GDP is expected to more than double from below $10,000 to more than $20,000 by 2020. Growth in demand for refined products will rebound and remain strong over the remainder of the decade. Energy efficiency improvements and reduced energy intensity will gradually dampen growth over time.

 
        
Are you not currently a member of WRFS? CLICK HERE to learn more about membership benefits.
For more information on becoming a member of WRFS, please contact Kristine Klavers (kklavers@hartenergy.com) at +1.713.993.0032 or provide the following information and you will be contacted by our staff.
Name*
Title
Company*
Phone No.*
(Please include country & city code)
Email Address*
(We encourage you not to enter an AOL, Hotmail, or other free email account. These types of accounts may block the mail that we send to you. You can further reduce this possibility by adding marketing@wrfs.org to your Address Book.)
How did you hear about us?
           

 

REPORTS

 

Global Crude Oil, Refining & Fuels Outlook  |  Heavy Crude Oil Analysis  | Global Middle Distillate/Fuel Oil Outlook
Reformer Operations and the Impact on Aromatics Supply  |  Global Biofuels Outlook  |  Electrification of Transportation
MEMBER SERVICES International Fuel Quality Center  | Global Biofuels Center  |  Alternative Fuels Service
OTHER PRODUCTS WorldFuels.com  |  Conferences
CORPORATE Hart Energy Publishing  |  1616 S. Voss, Suite 1000, Houston, Texas 77057-2627 USA View Corporate Web Site
Tel: +1.713.260.4628 Fax: +1.713.993.0029

 

  Copyright 2014 | All rights reserved.