A return to the strong, sustainable, balanced, and inclusive growth that Group of Twenty leaders called for at Hangzhou in September still eludes us. Global growth remains weak, even though it shows no noticeable deceleration over the last quarter. The new World Economic Outlook sees a slowdown for the group of advanced economies in 2016 and an offsetting pickup for emerging and developing economies. Taken as a whole, the world economy has moved sideways. Without determined policy action to support economic activity over the short and longer terms, sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.
Filed under: Advanced Economies, Africa, Annual Meetings, Economic outlook, Economic research, Emerging Markets, Financial markets, growth, IMF, International Monetary Fund | Tagged: 2014 Brisbane Action Plan, advanced economies, Brexit, China, developing economies, emerging Asia, emerging markets, G20, GDP, growth, IMF, Maurice Obstfeld, Sub-Saharan Africa, technology, trade, World Economic Outlook | Leave a comment »