China and other emerging market economies have led the recovery for much of the period, the US has achieved fairly steady growth, while Europe tended to lag. (More recently Asian growth has softened while Europe has picked up somewhat.) •  Significant labour market slack remains in some areas of the global economy, especially in parts of Europe.
•  And the recovery has been marked by periodic bouts of nervousness in financial markets. One general indicator that things are still some way short of normal is the level of global interest rates, which are still at exceptionally low levels to support growth.