The Worldwide Wobble

http://www.economist.com/news/leaders/21595900-world-economy-will-have-bumpy-2014-recovery-not-yet-risk-worldwide

Last month, the global economy as a whole seemed to stumble. Since the beginning of January, global share prices have fallen by over $3 trillion. However, many economists believe that this is a temporary case. It is thought that while the global economy may not have the acceleration it hoped to have, the growth will still see an overall improvement from last year.
A large part of this scare came from America's and China's economies. Through January, the US saw low manufacturing orders and car sales, which scared many. This, however, could very well be due to the frigid temperatures that have been experienced all over the nation through most of January. The cold weather seems to have slowed economic activity, but it is expected to pick up again and the recovery to continue. While it certainly is slowing, China's economy doesn't seem like it will come to a complete halt. Some believe that the economy will "end in a financial bust," but it is unlikely this is occurring now. Emerging market powers are dependent on China's growth rate, meaning that if China were to collapse, so would many others just coming to power. Since this doesn't seem to be happening now, there is still hope for a brightening future of the global economy.
A recovery overall may still seem likely, but there are many factors on which it all depends. The US, for one, would play a big part in this if GDP were to increase, unemployment would decrease, et cetera. If the Euro-zone agreed on monetary policies to increase the money supply and fix problems with low inflation rates, then the global economy would improve simply from that. Although, with so many factors that are uncertain, the future for the global economy still cannot be set in stone.