Friday, July 6, 2012
Global slowdown raises bigger issues for policy
Global slowdown raises bigger issues for policy The growth rate of the global economy is experiencing its weakest patch since the “upswing” in the cycle began in 2009. Of course, it has never been much of an “upswing”, given the depth of the recession which followed the financial crisis at the end of 2008. Still, the big picture seemed to suggest that global GDP was slowly on the mend, if not at a pace which could reduce global unemployment very rapidly. Now, even that modest recovery seems to be at risk, writes Gavyn Davies.
Posted by Michele Kearney at 12:01 PM