Overview

Global growth remains moderate, with uneven prospects across the main countries and regions. Among advanced economies, while growth has become more robust in some, such as the United States, the legacies of the pre-crisis boom and the subsequent global financial crisis continue to cast a shadow on the recovery in others. In particular, Japan and the euro area are still struggling with weak investment, low inflation, and subdued growth. In emerging markets, negative growth surprises for the past four years have led to diminished expectations regarding medium-term growth prospects. Overall, the world needs to aim higher and try harder. This means bolder policies on all fronts—monetary, fiscal and structural—to inject a ‘new momentum’.  The interview will focus on concrete steps policy makers can take to jumpstart growth and overcome the ‘new mediocre’, taking into account the differing circumstances among countries.

#GlobalEcon

Join the conversation via #GlobalEcon