According to the World Bank, global economic growth slowed to 2.4% in 2015 and in 2016, has so far shown volatility in global stock markets, a decline in oil prices and growth in emerging economies plateauing amid troubling economic data from China.
At this year’s World Economic Forum in Davos many reported the mood being subdued in the face of stubborn macroeconomic headwinds. The head of the IMF, Christine Lagarde, called the global economic prospects we now face the “new mediocre”. But is this the new norm? If so, how will countries be able to spur growth in the future?Read more: Digital transformation is here to stay, so how do we navigate a path forward