Economist Podcasts The new mediocre: the world economy
Apr 9, 2019
Simon Cox, Emerging Markets Editor based in Hong Kong, shares insights into the shifting global economic landscape, highlighting persistent low growth as the new norm. Jonathan Rosenthal, Africa Editor, discusses the escalating jihadist threat in the Sahel and international efforts to bolster local forces through military training in Burkina Faso. They also explore the fluctuating public interest in climate change, illustrating how major environmental events can reignite awareness, but concern often wanes amidst competing issues.
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Global Economic Slowdown
- The global economy is experiencing a widespread slowdown, impacting various countries.
- Factors include China's credit slowdown, trade tensions, and the Eurozone's inherent weakness.
Drivers of Economic Slowdown
- While trade tensions grab headlines, the Federal Reserve's interest rate hikes and China's deleveraging efforts are more impactful.
- The trade war's damage to global sentiment surpasses the actual impact of tariffs.
Stimulating Eurozone Growth
- Policymakers should consider Germany increasing public spending to stimulate the Eurozone economy.
- Germany's reluctance to spend weakens neighboring economies.