The world Bank predicts growth of the global economy in 2015 at the level of 3% .
In the basis of the observed fragile economic recovery are increasingly divergent trends that have significant implications for global growth.
Risks for the global economy is significant. Countries with relatively more rational structure of politics and government-oriented reforms will be in a better position to cope with the challenges in 2015.
XAVIER L SIMON
I find this set of projections bizarre given the huge stimulus that the drop in oil prices represents to so many countries. Unless of course in most of those countries true market forces are not operating, i.e., there are large price controls on gas prices.
I must say, this is one of the gloomiest articles I have read in a while.