2015 Global Economic Outlook: Better Than 2014—but Not By Much

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Don’t be put off by the introduction of this article which is very US centric; a little way into the piece there is a nice infographic on the state of the world economy.  The author, Peter Coy suggests that the global economy is taking longer than expected to recuperate from the bursting of the debt bubble during the last decade. Three years ago, the IMF projected that the world economy would be back on track by 2015, growing at 4.8 percent. While the U.S. has pretty much met the IMF’s (diminished) expectations the disappointments have been the BRIC nations and parts of the Middle East, Europe, and Japan.