The global economy remains fragile with European economies dragging global growth, and China not helping either afflicted by a myriad of challenges including asset bubbles and a slowdown in economic activity. America is the only bright spot with unemployment falling and economic activity appearing somewhat strong.
However the big story in the global economy is the recent rout in oil prices. The jury is still out the whether the fall in oil prices will be a net benefit to the global economy or a negative. What is clear is that there is emerging a dichotomy of countries- “oil producing and oil importing countries
