At global level, the expansion is exhibiting increasing signs of maturity, with commodity prices and interest rates rising and capacity constraints emerging in some sectors. Several organisations, including The Institute for Supply Management , have warned of a possible global economic downturn in the past year , heralded by a sharp rise in oil prices. Analysts have said the global expansion is showing increasing signs of maturity, with crude prices rising by 3.9 percent over decades and spare capacity shrinking to its lowest in the next 18 months . However, the downturn may not be as severe as the recession that followed the 2008-2009 crisis, with some suggesting it may be a mere "pause" in growth.
Several organisations, including The Institute for Supply Management , have warned of a possible global economic downturn in the past year , heralded by a sharp rise in oil prices. Analysts have said the global expansion is showing increasing signs of maturity, with crude prices rising by 3.9 percent over decades and spare capacity shrinking to its lowest in the next 18 months . However, the downturn may not be as severe as the recession that followed the 2008-2009 crisis, with some suggesting it may be a mere "pause" in growth.