US economic growth has defied the once universal expectation that Federal Reserve rate hikes would trigger a recession. First economists dialled those forecasts back to a “soft landing”, now they are talking about “no landing”..
It is now increasingly recognised that 2024 will be the biggest year for democracy ever. Ballots in more than 50 nations will offer a say to two out of every three adults in the democratic.
China’s rise is reversing. Its share of global GDP is falling for the time since the Mao era. Further, its shrinking share of the world’s workers also means a smaller share of growth In a.
The attacks this month on Israel have raised fears of a wider Middle East conflict, even of a third world war. Serious voices are calling this the most dangerous time in living memory, with threats.
Long after some of us recognised that China had fallen “off the miracle path” and may never become the world’s largest economy, commentators of all stripes are now trumpeting that conclusion for the same reasons..