Forget Trump's trade war. The real economic threat is in Europe.
Published on April 10, 2018 at 01:27PM by Sebastian Mallaby, The Washington Post
Almost anywhere you look these days, the economic news is heartening. The United States has rock-bottom unemployment and above-normal growth. China has tamed its crazy trade surplus and is starting to tackle its excessive debt. Europe and Japan are out of the doldrums. Across the world, 120 countries, accounting for three-quarters of global gross domestic product, saw growth accelerate in 2017. The IMF expects this year and next year to be even better. The political picture could hardly be more different. The Trump administration has purged reasonable officials and elevated ideologues. China's dictator seems intent on governing for life and enforcing creepy mind control via Internet surveillance.
Published on April 10, 2018 at 01:27PM by Sebastian Mallaby, The Washington Post
Almost anywhere you look these days, the economic news is heartening. The United States has rock-bottom unemployment and above-normal growth. China has tamed its crazy trade surplus and is starting to tackle its excessive debt. Europe and Japan are out of the doldrums. Across the world, 120 countries, accounting for three-quarters of global gross domestic product, saw growth accelerate in 2017. The IMF expects this year and next year to be even better. The political picture could hardly be more different. The Trump administration has purged reasonable officials and elevated ideologues. China's dictator seems intent on governing for life and enforcing creepy mind control via Internet surveillance.
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon