The global economy is mired in a “stop and go” recovery “at risk of stalling again”, according to the latest Brookings Institution-Financial Times tracking index.
The index, released ahead of the International Monetary Fund’s twice-yearly forecasts this week, highlights how the modestly improved growth outlook in advanced economies has been offset by weakness in emerging markets.
“A modest reversal of fortunes between the advanced and emerging market economies belies the fact that both groups still face stunted growth prospects,” said Professor Eswar Prasad, an economist and senior fellow at Brookings.