Output to Pick Up After Sluggish Q1/15
Bloomberg reported, citing economists at JPMorgan Chase and Capital Economics, that we can expect output to pick up for the world economy after a disappointingly sluggish first quarter.
Bloomberg notes since 2010, global growth has averaged 2.8% in the first quarter, compared to an overall rate of 3%. This year, the expansion was just 1.7% – almost a percentage point below what JPMorgan predicted at the start of the year and down from the 3.1% of the second half of 2014.
Bloomberg quotes JPMorgan’s chief economist as saying, “We have a forecast of a rebound in growth in the second quarter from this disappointment, with the U.S. leading the way.”
To read the Bloomberg report, click here.