A Resilient Global Economy Masks Growing Debt and Inequality
Bloomberg reports the world appears to have dodged a downturn, but wars and economic nationalism are leaving many countries worse off.
The increasingly hopeful economic story of 2024 so far is that of a world headed for a soft landing. Unfortunately that same world is also becoming more dangerous, divided, indebted and unequal. The reasons for short-term optimism are plain. A resilient US economy has defied expectations that the Federal Reserve’s barrage of interest-rate hikes would induce a recession. The UK—which... ...
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