On the rise: The global economy enjoys a synchronised upswing

Posted: March 16, 2017 in economy
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A synchronised global upturn is under way. Thank stimulus, not the populists

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On the rise

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ECONOMIC and political cycles have a habit of being out of sync. Just ask George Bush senior, who lost the presidential election in 1992 because voters blamed him for the recent recession. Or Chancellor Gerhard Schröder, booted out by German voters in 2005 after imposing painful reforms, only to see Angela Merkel reap the rewards.
Today, almost ten years after the most severe financial crisis since the Depression, a broad-based economic upswing is at last under way (see article). In America, Europe, Asia and the emerging markets, for the first time since a brief rebound in 2010, all the burners are firing at once.

But the political mood is sour. A populist rebellion, …

via Economic Crisis http://ift.tt/2nr3EXL


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