Greg Ip

Articles by The Economist’s U.S. Economics Editor

The global economy: Another year of living dangerously

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Turmoil in the Middle East and disaster in Japan arouse economic angst. Central banks must not make it worse

[Greg Ip] Mar 24th 2011 | from the print edition

THIS was supposed to be a stress-free year for the global economy. By January the financial crisis had faded and Europe’s sovereign-debt crisis seemed less acute. America’s economy was resurgent. Investors piled into equities and sold some of the government bonds they’d bought for troubled times. If there was a worry, it was that emerging economies would grow too quickly, inflating commodity prices.

The year without crisis is not to be. First, Arabian upheaval put oil markets on edge. Then earthquake, tsunami and a nuclear accident clobbered the world’s third-largest economy. How much of a setback to growth do these twin crises represent? And how should economic policymakers react to them?

The entire article is linked here.

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Written by gregip

March 24, 2011 at 3:09 pm

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