Marshmallows

The Global Economy’s Marshmallow Test

The global economy is experiencing a turbulent start to 2016, as plunging stock markets, declining commodity prices, and political paralysis send ripples of instability throughout the world. Only long-term investment, both public and private, offers a path out of the current malaise.

NEW YORK – The world economy is experiencing a turbulent start to 2016. Stock markets are plummeting; emerging economies are reeling in response to the sharp decline in commodities prices; refugee inflows are further destabilizing Europe; China’s growth has slowed markedly in response to a capital-flow reversal and an overvalued currency; and the US is in political paralysis. A few central bankers struggle to keep the world economy upright.

https://prosyn.org/ydH05Sf