According to the OECD, with few exceptions, economies are not recovering but facing another year of stagnation. The updated figures of the OECD Interim Economic Outlook are the lowest in five years, and ‘well below long-run averages’. The more pessimistic forecast has varying determining factors which reflect a broad range of disappointing incoming data for the fourth quarter of 2015, but also take into account the recent volatility in global financial markets.
GDP growth forecast since November 2015, in % pts
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