Europe’s next great error is already in the making as its economic problems deepen.
China’s economic problems are spiralling as its citizens tighten their belts and investors pull billions of dollars out of the country.
President Xi Jinping’s push to end reliance on property-led growth has profound implications for the steel industry and is sending out global shockwaves.
The global economy is sputtering and an “enormous error” in the US just ramped up the pressure. We can’t rely on China to fix things.
The world’s central bankers are gathering in Wyoming this week. They find themselves more divided than perhaps any time since before the pandemic.
China’s deflating property bubble and declining birth rate are,at last,grabbing the attention of Treasurer Jim Chalmers.
The carnage on financial markets seems to have ended as quickly as it started. The fragility of the global economy remains.
We are being shown just how vulnerable to surprises financial markets are.
How would one have “priced” global markets in 1912 or 1937,when the writing already was on the wall,but nothing was predetermined,and one could still hope? Worth pondering.
China’s struggling economy was the driving force behind an unexpected cut in interest rates,but Xi Jinping is doubling down on his long-term dream.
The International Monetary Fund warned that price growth in many major economies has been cooling slower than expected,flagging a potential risk to global growth from persistently high rates.