EFTA Document EFTA01458953

8 December 2015 World Outlook 2016: Managing with less liquidity Growth marked down bloody this year and next Compared to our previous global update in June, growth has once again been marked down broadly for 2015 and 2016. Sharper-than-expected contractions in emerging market economies were the main downside surprise to our growth forecast for 2015. Projectedd growth in Russia has been marked down by 0.5 percentage points - after downward revisions earlier this year, while the forecast