Output to Pick Up After Sluggish First Quarter

Bloomberg reported, citing economists at JPMorgan Chase and Capital Economics, that we can expect output to pick up for the world economy after a disappointingly sluggish first quarter.

Bloomberg said since 2010, global growth has averaged 2.8% in the first quarter, compared to an overall rate of 3%. This year, the expansion was just 1.7% – almost a percentage point below what JPMorgan predicted at the start of the year and down from the 3.1% of the second half of 2014.

JPMorgan’s chief economist said, “We have a forecast of a rebound in growth in the second quarter from this disappointment, with the U.S. leading the way.”

To view the full Bloomberg report, click here.

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