Summary and key messages
A further deceleration of activity in key emerging
and developing economies overshadowed a modest
recovery in major high-income countries in 2015.
This deceleration was accompanied by further
declines in commodity prices, subdued global
trade, bouts of financial market volatility, and
weakening capital flows. Global growth continued
to disappoint, and is now estimated at a slowerthan-expected
2.4 percent in 2015, 0.4 percentage
point below June 2015 Global Economic
Prospects projections.