Daniel Lacalle

A Yellow Card for the Global Economy

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A Yellow Card for the Global EconomyThe latest figures on the state of the global economy have led investors and economists to use the term “synchronised growth” as a signal of a healthy, robust improvement in the worlds’ economies in 2017, with almost every country in the planet improving its economic output.

Indeed, 2017 was a year in which we saw upgrades to global growth driven by developed markets, with surprisingly stronger U.S. and Eurozone figures, and emerging markets shrugging off commodity volatility to deliver above-consensus growth figures. The world seemed to be finally exiting the risk of stagnation and delivering a promising 2018.

However, synchronised growth arrived with a less attractive partner: synchronised debt. 2017 showed the largest debt increase in fifteen years, and global debt exceeded 325% of GDP.

Continue reading in https://www.weforum.org/agenda/2018/02/a-yellow-card-for-the-global-economy


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