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Life after austerity for the economy | Forum:Blog | The World Economic Forum


At least one economist believes that the global economy may turn around soon!

The causes of the ongoing global malaise are well known: an addiction to debt in developed economies and to exports in emerging markets, followed by a painful period of deleveraging that has been made far worse by policy mistakes. The extreme uncertainty brought on by the political paralysis in the United States, Europe and to a lesser extent China is, arguably, the single biggest drag on growth now. The good news is that the underlying dynamics of economic recovery are in place in many parts of the world and will reignite growth once these high levels of uncertainty diminish and economic confidence is restored.

via Life after austerity for the economy | Forum:Blog | The World Economic Forum.

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About NorthwestExpat

Economic developer and hobbyist photographer. My passions are family, skiing, hiking, Newfs, travelling and exploring the Great Northwest.

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