The world economy: Pulled back in

Posted: November 12, 2015 in economy
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The never-ending story

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The world economy


The world is entering a third stage of a rolling debt crisis, this time centred on emerging markets

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BY THE time the third film in a franchise comes around, it is not just audiences that may be getting restive; the characters themselves have been known to complain. It is his inability to put the sins of screenplays past behind him that gives Al Pacino’s Michael Corleone the most memorable line in “The Godfather: Part III”: “Just when I thought I was out, they pull me back in!”
As with anti-heroes in sequels, so with the world’s debt crisis; seeming conclusions serve only to set the narrative off in new directions. Householders in America have struggled for years to work off the excess borrowing taken on during a global housing boom in the 2000s. The economy has suffered from a shortfall of spending as a consequence. The world economy was dealt a second blow, …

via Economic Crisis


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