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Published online by Cambridge University Press: 26 March 2020
The world economy will grow by 3.1 per cent this year, and by 3.6 per cent in 2014: still below longer-term trend.
Growth has slowed in key emerging market economies, particularly China, while it remains relatively weak in most advanced economies.
A significant rise in the volatility and level of global long-term interest rates is inconvenient for some countries and may slow recovery.