Even as inflationary pressures ease, geopolitical tensions and structural factors such as unfavorable demographics and high debt levels have taken a toll on household and business confidence worldwide. The challenge for governments is to rebuild confidence and enhance productivity, which remain essential to getting the global recovery back on track.
ITHACA – The world economy is losing momentum as its major growth engines decelerate and a confluence of short-term factors and long-term constraints – including geopolitical tensions, high public-debt levels, and aging populations – begin to bite. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) shows that economic activity is weakening across the board. Despite relatively favorable financial-market performance earlier this year, consumer and business confidence have taken a major hit.
ITHACA – The world economy is losing momentum as its major growth engines decelerate and a confluence of short-term factors and long-term constraints – including geopolitical tensions, high public-debt levels, and aging populations – begin to bite. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) shows that economic activity is weakening across the board. Despite relatively favorable financial-market performance earlier this year, consumer and business confidence have taken a major hit.