Economics
Nowhere Fast: Drifting World Economy Skirts Worst But Still Lags
- Global growth seen holding in recent channel of 2% to 3%
- Brexit shock not seen as enough to knock it off course
Global Growth in 2% to 3% Channel Since 2010
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Call it the drift economy. The world somehow manages to stay afloat yet doesn’t go much of anywhere very fast.
Supported by a surfeit of central bank liquidity, the world has skirted numerous hazards and grown at a steady, albeit unspectacular, pace since 2010. And it looks set to do it again in the coming year, slowed, though not swamped, by the U.K. vote to leave the European Union.