Global Growth Outlook 6/2016

Loss of momentum. Global economy drifting sideways

The global economy is drifting sideways. Latin America and the CIS countries are experiencing regional recessions, while growth in sub-Saharan Africa is weak. Industrial production, global trade and global FDI are all set to increase very little this year. Moreover, the financial risks to the global economy have increased substantially in the last two years. Global financial stability is especially at risk from heavily indebted companies in emerging economies.