Emerging market slowdown and drop in trade clouding global outlook – “Global growth prospects have clouded this year. Global growth has eased to around 3%, well below its long-run average. This largely reflects further weakness in emerging market economies (EMEs). Deep recessions have emerged in Brazil and Russia, whilst the ongoing slowdown in China and the associated weakness of commodity prices has hit activity in key trading partners and commodity exporting economies, and increased financial market uncertainty. Global trade growth has slowed markedly, especially in the EMEs, and financial conditions have become less supportive in most economies.” Link to slideshare presentation.