IMF study:

  • Potential annual growth in advanced economies to rise to 1.6% in 2015-2020 from 1.3% in 2008-2014
  • Precrisis period was 1.8%
  • Sees potential annual growth of emerging economies falling to 5.2% from 6.5%

One way of looking at the developed world is to divide up that 1.6% growth and have the major countries fight over it by devaluing their currencies.

Even though that rate improved, it still leaves countries vulnerable to any kind of downturn.

With interest rates low, "monetary policy in advanced economies may again be confronted with the problem of the zero lower bound if adverse growth shocks materialize," the IMF said.

The IMF urged governments to invest in infrastructure.