The global economy muddled along this year, with the resurgence in the U.S. economy helping to offset slowing growth in Europe, Japan and China.
So, where does this leave the world economy in 2015?
"Positive fundamentals are in place for the momentum in the global economy to improve during 2015," said Nariman Behravesh, Chief Economist at IHS, which expects global growth to pick up to 3 percent from an estimated 2.7 percent this year.
IHS outlined its top 10 economic predictions that make up its global outlook:
1. U.S. economy will power ahead
The world's largest economy will continue to outperform its peers, driven by strengthening domestic demand, specifically consumer spending.
The dynamics underpinning consumer spending—which accounts for 70 percent of gross domestic product (GDP)—remain very positive, including strong jobs growth, improved household finances and low gas prices. The economy will grow in the 2.5 to 3 percent range, IHS predicts.