Despite the central banks’ measures, the global economic growth is still weaker than before the financial crisis of 2008.
The Naxitis report reads that in 2015, the global economic growth was only 2%. Moreover, faster pace is impossible as every region has its local problems which exclude the implementation of common measures.
A decline in the Chinese competitiveness was provoked by the soaring cost of labor. Meantime, in Russia, devaluation of the national currency led to lower labor costs. In Japan, the indicator has also dropped, however, it was unchanged for more than 10 years.
Europe is still suffering from a reduction in economic investments. While it emerged from its long recession, the economic growth has been anemic, with GDP inching up at around 1% over the past two years.
The collapse in oil and gas prices weighs on the US economic growth and has already led to a downturn in investments and industrial production. However, according to the Natixis report, the US is the only country with optimistic economic forecasts.
