Economía marxista para el Siglo XXI

Global economy peaked?


Michael Roberts Blog

Optimism for global economic growth remains.  But the acceleration in 2017 from the low growth rates experienced in 2015-6 now seems to have paused in the first quarter of 2018. To greet the semi-annual meeting of the IMF and the World Bank in Washington to discuss latest economic developments, Maurice Obstfeld, the IMF’s chief economist, stated that “the world economy continues to show broad-based momentum.”   But “against that positive backdrop, the prospect of a similarly broad-based conflict over trade presents a jarring picture.”

The IMF hiked its forecast for global real GDP growth to 3.9% for this year and in 2019.  This improvement from the poor levels of 2015 and 2016 is based on rising investment and a recovery in world trade (which now seems to be threatened).  The major economies of world capitalism are doing better but the idiocies of protectionism in trade by the likes of Donald Trump…

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