World GDP: Growth bottoming out in 1H15 but the estimated advance looks, at best, minor

Summary

No major changes in April’s update of the 1Q15 World GDP growth estimation. Our third nowcast for 1Q15 GDP growth has been revised downwards (though not significantly) from 0.68% Q/Q to 0.64% (Table 1) and the first estimate for 2Q15 with the limited available data (confidence indicators and financial volatility for April) is 0.7%.

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