The Big Picture: Global economy is best positioned in years to breach growth ceiling – yet headwinds persist

(Opalesque) Global economic growth in recent years has been fairly stable at a level clearly below that of expansion periods before the global financial crisis, when both nominal and real growth were substantially higher on average. Today, growth is better-positioned to break out on the upside than at any time since the crisis, but whether this will happen is far from certain, and will mainly depend on productivity growth and geopolitical tensions.

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