Economics
Imagine If Everything Started to Go Right With the World Economy
China has outpaced the worst outlook in 22 of the last 24 years.
Photographer: Jerome Favre/BloombergThis article is for subscribers only.
What if everything started to go right in the world economy?
It’s a lot to ask. The 1.1 percent global growth of the first quarter was the weakest for an expansion since 1998, according to JPMorgan Chase & Co. Former U.S. Treasury Secretary Lawrence Summers’s “secular stagnation” warning is gaining traction and central banks are finding more and more reasons to keep monetary policy easy.