Double-Dip Days
With the world economy set to slow, a scenario in which US growth slumps to 1.5%, the eurozone and Japan stagnate, and China’s growth rate falls below 8% may not imply a global contraction, but it will feel like one. And any additional shock – a highly plausible concern – could tip the global economy back into full-fledged recession.
https://prosyn.org/hWULVvU
NEW YORK – The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes. Worse yet, the fundamental excesses that fueled the crisis – too much debt and leverage in the private sector (households, banks and other financial institutions, and even much of the corporate sector) – have not been addressed.