The world economy “remains on life support” from central banks and has deteriorated since last autumn, the latest Brookings Institution-Financial Times tracking index shows, despite some recent signs of stabilisation.
Weakness extends across the Group of 20 leading economies, according to the TIGER (Tracking Indices for the Global Economic Recovery) index, but advanced economies have deteriorated more than developing countries.
The index provides support for the message Christine Lagarde, managing director of the International Monetary Fund, sent last week that although there has been some improvement since the turn of the year, “the risks remain high, the situation fragile”.
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