He predicted a sluggish growth of "not more than 2 to 3 percent" in Western economies next year.
But the data suggested continued sluggish economic growth to analysts.
"Not all income groups experienced sluggish growth," the study said.
It probably means sluggish growth for the next four to six quarters.
The earlier years were mostly a time of recession and sluggish economic growth.
The Iraq crisis comes after 15 months of sluggish economic growth.
The company has been struggling with sluggish growth and rapidly changing technology in recent years.
The global financial crisis of 2007-09 had initially caused a sluggish growth.
He is concerned about sluggish economic growth, the 30-year low in short-term interest rates and the high level of unemployment.
For everyone else the sluggish growth in wages is the real story.