Figure 1.1. Global GDP growth is set to rise
Figure 1.2. Economic policy uncertainty remains elevated in a number of economies
Figure 1.3. Fiscal stimulus is helping to support GDP growth
The near-term GDP growth impact of a stylised US fiscal stimulus
The contribution of US fiscal stimulus to projected GDP growth
Figure 1.4. GDP growth projections for the major economies
Figure 1.5. Global trade is very weak relative to historic norms
The effect of increased trade costs in the United States, China and Europe
Raising trade intensity would boost productivity growth
Figure 1.6. Long-term GDP growth expectations have declined over the past five years
Figure 1.7. Growth expectations have fallen in countries with past growth shortfalls
Figure 1.8. A widening labour productivity gap between global frontier firms and other firms
Figure 1.9. The post-crisis recovery in the advanced economies has been weak and unbalanced
Figure 1.10. Differences in consumption growth largely reflect differences in income growth
Figure 1.11. Employment rates differ widely across the OECD economies
Figure 1.12. Weak wage growth and subdued employment are holding back household incomes
Figure 1.13. Household saving has risen in countries with higher income inequality since the onset of the crisis
Figure 1.14. Household saving has risen in countries with strong improvements in household balance sheets
Figure 1.15. The largest gains in financial balance sheets have occurred in countries with a relatively concentrated wealth distribution
Figure 1.16. The association between house prices and household saving has broken down in recent years
Figure 1.17. Sovereign bond yields have declined in tandem with expected overnight interest rates
Figure 1.18. Negative-yield sovereign bonds are dominant in Europe and Japan
Figure 1.19. Corporate bond yield spreads have declined
Figure 1.20. Equity prices point to a disconnect between real prospects and financial yields
Figure 1.21. Growth in real estate prices has been strong in some advanced economies
Figure 1.22. Investors have been pessimistic about the health of the banking sector in many advanced economies
Pension arrangements vary widely across countries
Figure 1.23. Funding gaps of defined benefit pension funds have widened
Figure 1.24. Credit growth has remained robust despite its recent weakening in a few EMEs
Figure 1.25. Several central banks have become dominant holders of domestic government bonds
Figure 1.26. Shortening insolvency procedures increases recovery rates
Figure 1.27. The fiscal stance has started to be loosened only recently
Figure 1.28. Implementation of reform packages has been uneven
The global recovery could gain some steam
Indicators of potential financial vulnerabilities
Financial-accounts-related risk factors to financial stability