Capital Economics: Should the G20 be so worried about global growth?

The IMF’s call for central bankers to refrain from tightening policy may have fuelled fears that the world is on the brink of a major downturn. We think the picture is not so gloomy. Emerging economies have certainly slowed, but the major developed economies are, if anything, doing better than expected. And over time, lower commodity prices should be a net positive too.