The Bumpy Road Ahead
If stock market and interest-rate spreads are to be believed, the US economy has seen the worst and may be on its way to a slow recovery. But the troubles for the world economy are just starting, and if globalization does not get the fix it needs, economic prospects will be dim for rich and poor countries alike.
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CAMBRIDGE – If stock market and interest-rate spreads are to be believed, America’s economy has seen the worst and may be on its way to a slow recovery. But the troubles for the world economy are just starting. If globalization does not get the fix it needs, economic prospects will be dim for rich and poor countries alike.