Yes.

Last October, the International Monetary Fund lowered its forecast for last year's global economic growth to 3 percent, which was the lowest since the 2008-2009 financial crisis. This was mainly caused by the lower-than-expected manufacturing data and worsening trade environment. This year, the IMF expects global economic growth to pick up to 3.4 percent.

Global central banks already started loosening their monetary policies and some countries adopted proactive fiscal policies but the impact on the real economy will take some time to show. The delay has been particularly long due to rising protectionist sentiments. Therefore, Yicai Global suggests that the global economy will rebound slightly this year, although not enough for bigger optimistic visions.