Sachs, Jeffrey, (2016), “The Global Economy’s Marshmallow Test”, Project Syndicate, 27 January
The world economy is experiencing a turbulent start to 2016. Stock markets are plummeting; emerging economies are reeling in response to the sharp decline in commodities prices; refugee inflows are further destabilizing Europe; China’s growth has slowed markedly in response to a capital-flow reversal and an overvalued currency; and the US is in political paralysis. A few central bankers struggle to keep the world economy upright.
Relevant Posts
- Gros, D. & Alcidi, C. (2014) “The Global Economy in 2030: Trends and Strategies for Europe“, Economic Policy, CEPS Paperbacks, 02 April.
- Mody, Ashoka, (2016), “Another Slow Year for the Global Economy”, Project Syndicate, 4 January