John Fahey: Global growth has regained some momentum lost in 2008/09 crisis

The performance of the global economy has tended to disappoint versus expectations in recent years, struggling for sustained upward momentum.

The Organisation for Economic Co-operation and Development (OECD) is on record as saying the world economy has been caught in a “low growth trap”.

Global growth averaged around 3% in both 2015 and 2016, its weakest since the economic crisis of 2008/09.