World Economy

World Economy to Bounce Back

World Economy to Bounce BackWorld Economy to Bounce Back

It’s deja vu time all over again for the world economy. That means you can expect output to pick up after a disappointingly sluggish first quarter, say economists at JPMorgan Chase & Co. and Capital Economics Ltd., Bloomberg reported. Since 2010, global growth has averaged 2.8% in the first quarter, compared to an overall rate of 3%, according to JPMorgan. This year, the expansion was just 1.7% — almost a percentage point below what the New York-based bank predicted at the start of the year and down from the 3.1% of the second half of 2014. “We have a forecast of a rebound in growth in the second quarter,” said Bruce Kasman, JPMorgan’s chief economist.