The World Economy – The Strengthening and Broadening of the Global Economic Recovery are on Track

Key points

• The strengthening and broadening of the global economic recovery are on track, and the revisions to our August forecast are minor.
• But global growth this year and next seems likely to be as good as it gets. The medium-term outlook is still for growth below pre-crisis rates.
• While short-term risks to our growth forecast seem balanced, for the medium term they seem tilted to the downside.