Wheezing global economy stuck in life support

Five years after the onset of the global financial crisis, the world economy is in such a chronic condition that the European Central Bank might cut interest rates this week and the Federal Reserve is likely to indicate no let-up in the stimulus it is providing the US economy.

With the euro zone economy in recession, momentum is building for the ECB to lower interest rates for the first time since July last year, according to senior sources involved in the deliberations.

If the bank does not act on Thursday, a quarter-point cut in June is considered a racing certainty.

via Business feed http://www.scmp.com/business/economy/article/1225843/wheezing-global-economy-stuck-life-support