The global economy was able to recover from the recession a few years back. That was the happy part, the sad part is, it was not a sustainable recovery. Thus the economic slump again that is happening this year.
The, is a new term coined to describe the instability of the world economy. For us the masses, this means that we are just hanging in a fine thread which may snap anytime or able to support us until we are in safe condition. Truly, nothing is certain at this time.