Q3 2014 Macroeconomics Update: Three possible triggers of the next recession
Global growth prospects are forecast to gradually improve over the next few years, but risks – mainly to the downside – are significant. Five of the G8 economies (including the US and Japan) have endured at least one quarter of GDP contraction this year, highlighting the fragility of global growth. Is this just a temporary blip or has volatile growth become standard in an increasingly uncertain world? In this Insight we identify and assess the implications of three key risks to global growth.