How can global growth be prevented from falling below potential growth?

The global unemployment rate has reached a record low and must be close to the global structural unemployment rate. At best, global growth is therefore going to fall back to the level of global potential growth. We seek to determine what it would take for global growth to not fall below potential growth , and find that t he following risks would have to be averted: Widespread protectionism; An excessive increase in US interest rates; Continued capital outflows from emerging countries; An overly large durable goods cycle in China; Another sharp rise in oil prices. These five risks are clearly present and must be monitored.