A Yellow Card for the Global Economy

A Yellow Card for the Global Economy

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


 

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

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