World economic outlook (International Monetary Fund – April 2016: “Global growth continues but at an increasingly disappointing pace that leaves the world economy more exposed to negative risks. Growth has been too slow for too long. The new World Economic Outlook anticipates a slight acceleration in growth in 2016 relative to 2015, to a 3.2 percent rate of growth, followed by a further acceleration to 3.5 percent in 2017. However, these projections continue to be progressively less optimistic over time. The downgraded forecasts reflect a broad-based slowdown across different country groups. The slowdown results from longer-term trends that we have highlighted in earlier editions of the World Economic Outlook. As always, there is considerable diversity among country groups. If you look just at emerging markets, there are some large emerging markets growing at over 7 percent annually, some shrinking close to 4 percent. The central scenario that the World Economic Outlook projects and that I have just described looks, however, less likely to materialize compared with some possibly less favorable outcomes. To support both global growth and to guard against downside risks, we are proposing a three-pronged policy approach based on monetary, fiscal. And structural policies. What risks concern us the most? Prominent among them are financial risks and risks of non-economic origin. Since last summer, we have seen two distinct rounds of financial market turbulence. These featured abrupt sell-offs in assets, spikes in risk aversion, spikes in sovereign risk premia, and sharp falls in the prices of oil and other commodities…”