Scarring from a series of shocks generates a defensive mindset that is holding back growth
Consider its scale, scope and speed
Growth is picking up in the short term, but fears are mounting of a stagnant decade, with bleak political consequences
Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed rate cuts
Short-term performance has been surprisingly good but policymakers are walking on eggshells
As western governments shy away from debt reduction and structural reform, investors must reassess their view of ‘safe’ assets
Brookings-FT Tiger index shows ‘positive omens’ for modest pick-up compared with last year
Kristalina Georgieva calls for measures to boost productivity and lower debt to avoid ‘tepid twenties’ era
Since the era of ultra-low interest rates ended, large-scale government borrowing is looking more and more problematic
Further economic growth is possible, but the right policies are needed to unlock it
Also in this newsletter: European Commission chief calls for defence subsidies, Navalny dies in prison, science round-up
Fragilities in the global economic system are real and must be confronted
From demography to technology, we must pay attention to the forces that will certainly shape our future
Multilateral lender warns of potential for decade of ‘wasted opportunity’
The data suggests that we have shifted away from a culture of progress towards one of worry
Worldwide integration of markets should not be pursued at all costs but should be a means to an end
Risk of rising oil prices and hit to confidence threaten to undermine this year’s gains
Convergence between rich and poor countries is stalling and more challenges lie ahead
Indicators of confidence in advanced economies have fallen sharply in recent months
Organisation sees no case for monetary easing in rich nations despite economic strains and trading tensions
Countries are spending heavily on defence, welfare and the green transition. With debt levels already high, taxes look certain to rise
Combination of stronger US economy in 2023 and stickier inflation trigger downgrades for next year
As uncertainty and inflation challenge central bankers and policymakers, they must also adapt to structural changes
There are three good reasons for carefully de-risking the global economy
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