Neil Irwin: "The World Economy Just Can’t Escape Its Low-Growth, Low-Inflation Rut"
Neil Irwin's latest for the NY Times' Upshot Blog.
❝ Fears of an imminent recession, which caused major turbulence in financial markets at the end of 2018 and beginning of 2019, have eased a bit.
That’s the good news. The bad news is what that episode exposed.
For much of 2018, it appeared that the world economy was finally getting out of the rut it had been stuck in for the decade since the global financial crisis. But it now looks as if the era of persistently low growth, low inflation and low interest rates isn’t over after all … [NYTimes.com]
| NEIL IRWIN is a Senior economic correspondent at the New York Times and the bestselling author of The Alchemists. Watch him talk about understanding the economy below, and learn more about booking Neil for your next event today. |
