Prospects for the global economy in 2016

Subject

Prospects for the global economy in 2016.

Significance

Adverse trends visible across many regions at end-2015 suggest that global growth will stay subdued in 2016. Leading international institutions forecast an upturn in activity, but also emphasise obstacles and risks ahead. They encourage efforts to support growth prospects. However, little has been done so far regarding infrastructure investment, structural reforms and other pro-growth policies except for the ECB considering a boost to its quantitative easing (QE) programme.