So much for John Key's 'rockstar economy.'
Mainstream news - Ambrose Evans-Pritchard of the Telegraph, no less.
Mind you he predicted the imminent collapse of Russia's economy last year.
HSBC fears world recession with no lifeboats left
The world authorities have run out of ammunition as rates remain stuck at zero. They have no margin for error as economy falters
By Ambrose Evans-Pritchard
26 May, 2015
The world economy is disturbingly close to stall speed. The United Nations has cut its global growth forecast for this year to 2.8pc, the latest of the multinational bodies to retreat.