I will, along with the rest of us, see what happens, but I am not, to say the least, encouraged. From The Australian:

THE global economy faces another five years of stagnation, the International Monetary Fund warned overnight as it cut its growth forecasts for the third year in a row and urged nations to ­reinvigorate economic reforms.

Releasing the fund’s updated economic outlook, IMF chief economist Olivier Blanchard ­described global growth as ­“mediocre” and, in a reference to the agenda Australia has set for the G20 members ahead of next month’s summit in Brisbane, said the difficult outlook underlined the importance of identifying economic reforms that could lift output.

Who could have expected such an outcome? The people who run our economies do not have a clue. This is all so unexpected for them, and they will therefore persist in running budget deficits and keep interest rates low until our economies finally tick up which means, of course, that is of course if you are a classically trained economist, that their very policies will continue to be the reason our economies refuse to grow. And if they still attribute the problems to the Global Financial Crisis of six years ago, they are seriously seriously out to lunch.