Global Growth
• The IMF predicts global GDP at 3.3% in 2015, marginally lower than in 2014
• Americas and Europe economy are recovering China is slowing and emerging markets are caught in the middle
• Middle East and China
• Africa - business tourism plus decreasing incomes
• Asia - remains the leading global region for economic growth
• A slowdown in emerging market and developing economies
•The distribution of risks to global economic activity is still tilted to the downside. Lower commodity prices also pose risks to the outlook in low-income developing economies after many years of strong growth.
Global growth remains moderate, with uneven prospects across the main countries and regions. It is projected to be 3.5 percent in 2015, in line with forecasts in the January 2015 World Economic Outlook (WEO) Update. Relative to last year, the outlook for advanced economies is improving, while growth in emerging market and developing economies is projected to be lower, primarily reflecting weaker prospects for some large emerging market economies and oil-exporting countries.