The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat stronger growth expected in some advanced economies next year, the global growth projection for 2015 remains at 4 percent. 1 • Global growth is expected to rebound from the second quarter of 2014, as some of the drivers underlying first- quarter weakness, such as the inventory correction in the United States, should have only temporary effects, and others should be ... (full story)