Recommend Forecasting indicators suggest slow growth, not recession (Email)

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The global economy is weak but not recessionary. GDP in the G7 developed economies and seven large emerging economies (the “E7”) rose by 1.1% between the second and fourth quarters of 2015, equivalent to an annualised rate of 2.1%*. The latter compares with average growth of 2.9% per annum (pa) since 1997 but is no weaker than in late 2012 – see first chart.


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