Analytics

The Global Economy’s Warning Signals Are Broken

The New York Times reports that from markets to spending to debt, usually reliable indicators that forecast where the economy is headed are proving deeply fallible.
The Global Economy’s Warning Signals Are Broken
The general bewilderment that bedevils the economic mandarins these days was captured by a recent World Bank note: “Global Growth Defies Expectations.” Forecasts that turn out to be wrong — or defy expectations — are as routine as a heartbeat. But now something is up. Familiar guideposts to how businesses, consumers, investors and workers have historically responded to economic slings... ...

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