EFTA Document EFTA01458958

8 December 2015 World Outlook 2016: Managing with less liquidity US' Dollar drag On the back of weak manufacturing and international trade data, second- half 2015 real GDP growth is poised to rise by less than 2% as current- quarter output is projected to increase just 1.5%. This would result in 2015 growth of 2.0% (O4/O4), slightly below the 2.2% average annualized gain in economic output since the economy exited recession more than six years ago. More importantly, we expect 2016 real GDP