by Thierry Malleret | Jan 4, 2018 | Uncategorized
December 2017 2017 ends with the world economy performing well and in better shape than expected this time last year. Yet, three dark clouds hang over the global economic outlook: (1) stagnant real wages, (2) increasing inequality and (3) weak productivity. Even so,...
by Thierry Malleret | Dec 1, 2017 | Uncategorized
November 2017 The global economic outlook remains sunny, with growth stronger than expected in most parts of the world. This benign state of affairs could be misleading because “averages” don’t mean anything anymore. Aggregate data about income or consumption...
by Thierry Malleret | Oct 31, 2017 | Uncategorized
October 2017 The IMF has just increased GDP forecasts for all advanced economies – with the exception of Spain and the UK. When everything is going well, it’s time to think about what might go wrong. Medium and longterm challenges abound, ranging from...
by Thierry Malleret | Oct 3, 2017 | Uncategorized
September 2017 There are no imminent signs that the global economic recovery is about to end. It is in fact accelerating: global growth should amount to 3.5% this year and 3.7% in 2018 (according to the OECD) – the fastest pace since 2011. The UK is the only...
by Thierry Malleret | Sep 5, 2017 | Uncategorized
August 2017 Multiple engines of growth continue to propel the global economy in a synchronized fashion: all 45 countries tracked by the OECD are currently growing, with 33 accelerating from last year. However, anxiety is palpable. In contrast to just a few...