Slow economic growth? Global bank asks, ‘Who cares?’

The persistent belief that global economic growth is “dangerously slow” and fragile is just a myth, DBS said in a note on Thursday.

“If you’re worried about slow growth today, get used to it. It’s probably going to be slower five years from now and slower yet five years after that,” David Carbon, chief economist at DBS, said in the note.

In the July update of its World Economic Outlook, the International Monetary Fund forecast global economic growth of 3.5 per cent for 2017 and 3.6 per cent for 2018, unchanged from its April outlook.

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