Business News • MarketWire • Risks Are Rebalancing, but Economic Activity Remains Weak: Scotiabank Economics' Global Outlook |
Risks Are Rebalancing, but Economic Activity Remains Weak: Scotiabank Economics' Global Outlook |
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Risks Are Rebalancing, but Economic Activity Remains Weak: Scotiabank Economics' Global Outlook
TORONTO, ON--(Marketwired - October 17, 2016) - Global economic activity remains weak. At roughly 3%, 2016 represents the slowest year for global growth since the Great Financial Crisis. The reasons for this underperformance are now well known, though they vary by country. They generally involve the following elements: structural adjustments in many countries, efforts to reduce overcapacity in most, recurring natural disasters, repeated geopolitical events such as 'Brexit', and upcoming national elections and potential policy changes in a number of major countries, including the United States.
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