Although global growth should be a little faster in the second half of the year than the first, it is unlikely to continue rising in the coming quarters. Admittedly, the US looks set for a sustained expansion, even though the Fed will probably begin raising interest rates in the first quarter of next year. But the euro-zone’s recovery is “weak, fragile and uneven”, in Mr Draghi’s words, and Japan has come out of its second-quarter slump with very little momentum.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services