The dark clouds piling up quickly on the horizon. It noted the Financial Times when the newspaper ahead of the Davos summit, which is currently in progress, did a review of forecasters ‘ expectations for the world economy in the coming year.
In a way, it is a remarkable conclusion. The IMF and other financial organizations notes although a certain slowdown in key countries during the last quarter of 2018. And write down the growth expectations to 2019. But it is about tenths – still expected the global economy to expand with a decent 3.5 per cent.
So why dysterheten? To some extent it depends on the key parts of the world is in the longest period without a recession in modern times. Since no tree grows to the sky waiting for reasonably a downturn around the corner.
temporary slump that is causing the heavy suckarna and allows analysts put the pan in the deep folds. The fact is that it’s not even the economy as such, which is the main reason for the concern. It is the policy.
Why dysterheten – to populism has a price.
Brexit will leave negative economic footprint – both in the Uk and on the continent. And venom, the worse it gets if the british withdrawal takes place during the chaotic forms.
at the same time constitutes a constant headache. The unwillingness to keep the deficit in check means that the EU’s third largest economy teetering dangerously close to a debt crisis, with serious consequences for the rest of the union.
Above all, Donald Trump is a walking land mine. His trade war is already a reason why growth slowed last year and have been written down for 2019. But the real danger is that he would make it absolutely impossible to manage an economic downturn in a way that does not transform it into a deep crisis.
the international economic crisis since the 1930s occurred in 2008, the united states quickly become a leader. Large stimulus packages were implemented, the trading system was held open and Washington coordinated a global response to the crisis.
the Contrast was razor-sharp against the way the country acted after the stock market crash of 1929. Then devoted himself to austerity and protectionism – and drove the world into the great depression.
to keep the us government open for business. The close down is now were. At the same time is his motto ”America first” is the opposite to the american leadership. Walls against the outside world has been his political momentum from day one.
Therefore, dysterheten – to populism has a price. And for the risk that it may be even higher.
