Global growth is expected to be 2.8 percent in 2015, but is expected to pick up to 3.2 percent in 2016-17. Growth in developing countries and some high-income countries is set to disappoint again this year. The prospect of rising borrowing costs will compound the challenges many developing...

The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish †“ especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the...