[mohamed el-erian]REUTERS/Jason Reed Roller-coaster views about global growth were important contributors to the first quarter's dramatic "V"-shaped stock market performance — from a scare early in the year that weakness in China and elsewhere could tip the US into recession to a more comforting assessment underpinned by friendly central banks and, in the case of the US, strong job creation. Disappointing growth is also the common element behind numerous improbable developments that have become reality, be they negative central-bank policy rates in Europe and Japan, almost one-third of government debt globally trading at negative yields, or the influence of antiestablishment political movements on both sides of the Atlantic. Given the economic/financial/political/social implications of this protracted period of low growth, here are the 10 things you need to know right now: GLOBAL GROWTH WILL REMAIN MODEST AND UNEVEN Kieran Doherty/Reuters Overall, global growth in 2016 will remain modest and quite uneven, in both the advanced and the developing worlds. THE US WILL CONTINUE TO OUTPERFORM Neil Kremer US growth, while again falling short of potential, will continue to power the advanced economies as the domestic economy outperforms. While Japan will struggle to maintain a 1% annual expansion, Europe will face even uncertainty depending on how politicians deal with the region's refugee crisis, Greek-debt forgiveness, and potential British exit from the European Union. GROWTH IN EMERGING MARKETS WILL CONTINUE TO STRUGGLE Business Insider Australia / Getty Images Growth in emerging economies will struggle to break free from what in 2015 constituted the lowest annual rate since the 2008-2009 global financial crisis. China is likely to soft-land its economy at 6 to 6.5% growth, from 6.9% last year, while Russia and, especially, Brazil will experience another year of painful contraction. SEE THE REST OF THE STORY AT BUSINESS INSIDER
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