Three Scenarios for the Global Economy10th October 2017 - 469 days ago
The International Monetary Fund, which in recent years had characterized global growth as the “new mediocre,” recently upgraded its World Economic Outlook. But is the IMF right to think that the recent growth spurt will continue over the next few years, or is a temporary cyclical upswing about to be subdued by new tail risks?
For the last few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After over a year of acceleration, is the world headed toward another slowdown, or will the recovery persist?
Professor of Economics, NY University & Chairman of Roubini Global Economics
The current upswing in growth and equity markets has been going strong since the summer of 2016. Despite a brief hiccup after the Brexit vote, the acceleration endured not just Donald Trump’s election as US president, but also the heightening policy uncertainty and geopolitical chaos that he has generated. In response to this apparent resilience, the International Monetary Fund, which in recent years had characterized global growth as the “new mediocre,” recently upgraded its World Economic Outlook.
Courtesy of Project Syndicate, for more information and the full article please visit: www.project-syndicate.org.
go back to newspage
- Joschka Fischer delivered excellence itself. Our top corporate investors were totally won over.
- Klaus Schweinsberg's message was perfect for our management meeting in Germany, totally engaging.
- Our group meeting loved Sahar Hashemi, she was totally engaging, inspiring us all with her great story.
- Don Strickland had excellent content in his speech and gave us some great examples to follow.
- José María Figueres has an excellent presence and quality, he had great interaction with the audience.
- Daniel Sieberg was excellent. He tailored his speech perfectly to our youth audience - top quality.