While it is natural to have high growth rates as the global economy has been recovering from the plunge following the Lehman shock, the growth rate figures have substantially exceeded the average annual growth rate of 3.9 percent over the 10 years prior to the Lehman shock.
However, the pace of growth has slowed somewhat recently, partly because the effects of various demandboosting policy measures introduced in response to the financial crisis in the advanced economies of the United States and Europe have started to recede and emerging economies have been shifting away from accommodative monetary policies.