The Economist (November 2)
“Even as wars rage and the geopolitical climate darkens, the world economy has been an irrepressible source of cheer…. Unfortunately, however, this good cheer cannot last. The foundations for today’s growth look unstable. Peer ahead, and threats abound.”
Tags: Climate, Foundations, Geopolitical, Growth, Irrepressible, Threats, Unstable, Wars, World economy
The Economist (August 24)
“Whatever has gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history…. Yet instead of roaring back after the government abandoned its ‘zero-covid’ policy at the end of 2022, it is lurching from one ditch to the next.” It is unlikely to be fixed soon because “an increasingly autocratic government is making bad decisions.”
Tags: 1978, 2022, Autocratic, Bad decisions, China, Fixed, Government, Growth story, Lurching, Rejoined, Spectacular, World economy, Wrong, Zero-Covid
The Economist (July 22)
“Economists are not known for their optimism, but today their good cheer is palpable. Not long ago it seemed that an American recession was inevitable.” Now, expectations are heady that this can be averted, but “the surge of hope is… unusual because the world economy is slowing down.” While “falling inflation is good news,” it remains “too early to hail a ‘soft landing.’”
Tags: Averted, Economists, Expectations, Hope, Inevitable, Inflation, Optimism, Recession, Slowing, Surge, U.S., World economy
The Economist (September 21)
“We have found that, whether it is in Democratic politics or Russian dreams of opening an Arctic sea passage, climate now touches on everything we write about…. Because the processes that force climate change are built into the foundations of the world economy and of geopolitics, measures to check climate change have to be similarly wide-ranging and all-encompassing. To decarbonise an economy is not a simple subtraction; it requires a near-complete overhaul.”
Tags: Arctic, Climate change, Decarbonise, Democrat, Foundations, Geopolitics, Overhaul, Russia, Sea passage, World economy
South China Morning Post (June 20)
The trade war between the U.S. and China “is pushing the world economy closer to the edge. The longer it goes on, the harder it will be to undo the damage,” which clearly already is being inflicted. “Compared to pre-2008 crisis levels, world economic growth has plummeted by half and is at risk of a long-term, hard-to-reverse stagnation. Returning to global integration and multilateral reconciliation could dramatically change the scenario.”
Tags: China, Crisis, Damage, Economic growth, Integration, Plummeted, Stagnation, Trade war, U.S., World economy
The Independent (July 3)
“The economic threat facing the world is bigger than Brexit…. Something remarkable, and disturbing, has happened in recent days that carries a worrying message about the future of the world economy: the plunge in yields. They are lower now than they have ever been before – yes, ever – and they keep on falling. And the message they carry is that there will be a world-wide recession.”
The Economist (July 27)
“After a decade of surging growth, in which they led a global boom and then helped pull the world economy forwards in the face of the financial crisis, the emerging giants have slowed sharply.” This slowdown in emerging markets “is not the beginning of a bust. But it is a turning-point for the world economy.”
Tags: Boom, Bust, Emerging markets, Financial Crisis, Growth, Slowdown, Turning-point, World economy
The Economist (July 21)
“In the past decade emerging markets have established themselves as the world’s best sprinters. As serial crises tripped up America and then Europe, China barely broke stride…. Lately, though, the sprinters have started to wheeze.” China, India and Brazil have all recently reported weak performance. Russia is the only BRIC with a resilient economy, but this is vulnerable to oil prices. What does the “Great Slowdown” mean for long-term growth and the world economy? The Economist believes, “no crisis looms, but serious concern is justified.”
“In the past decade emerging markets have established themselves as the world’s best sprinters. As serial crises tripped up America and then Europe, China barely broke stride…. Lately, though, the sprinters have started to wheeze.” China, India and Brazil have all recently reported weak performance. Russia is the only BRIC with a resilient economy, but this is vulnerable to oil prices. What does the “Great Slowdown” mean for long-term growth and the world economy? The Economist believes, “no crisis looms, but serious concern is justified.”
Tags: BRICS, Oil, Russia, Slowdown, World economy
