MercoPress. South Atlantic News Agency
Where will the Global Economy land in 2024?
By Nouriel Roubini (*)
Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired “soft landing.” But the current encouraging consensus could still be derailed by any number of factors, not least geopolitics. Read full article
Comments
Disclaimer & comment rulesWell, I think exactly the opposite:
Jan 15th, 2024 - 11:28 am - Link - Report abuse -11) the crisis is of neoliberal capitalism, not of liberal socialism;
2) several years of expansionary economic policies (QE) have raised the debt of Western countries to stratospheric levels, unlike countries in the Global South that have strong foreign exchange reserves and sovereign debts under control (the exception is Argentina).
3) weakening of the consumer market in Western economies, as a result of the high concentration of income imposed by neoliberalism and the flattening of the wage bill observed in the last 30 years, unlike the Global South which sees the wage bill growing significantly, strengthening internal markets and providing better distribution income (although shy);
4) strength of SOUTH-SOUTH trade, diverting traditional Western trade routes.
5) economic and technological growth in the Global South, contrasting with the West;
6) much higher level of investment in countries of the Global South with resources coming from non-costly sources, contrasting with stagnation in Western countries,
7) demographic dividend of the Global South, contrasting with the rapid demographic aging of the West.
Hummm, you do know Africa is in the global south, don’t you???
Jan 15th, 2024 - 01:52 pm - Link - Report abuse 0And apart from China, no mention of the ‘global south’ economies in the article.
If anything you can expect economies in the south struggle at best with only a few exceptions.
Starting with Africa’s debt crisis, money mostly owed to the Chinese who are now struggling themselves.
Pugol
Jan 15th, 2024 - 02:51 pm - Link - Report abuse 0Our friend has a difficult understanding of Economics101...
South Africa is suffering a major corruption and China is in an economic ression.
Meanwhile, I'm enjoying this beautiful day!
¡Saludos de Viña!
I forgot to mention the prohibitive cost of energy which for Western Europe is the final straw.
Jan 16th, 2024 - 10:19 am - Link - Report abuse -1What planet do you live on Brasil, certainly not earth, Western Europe is doing fine, 4 of the richest countries are in western Europe, go visit them and see the high standard of living they live. look at the great leaps in technology and medicine they achieve, the hatred you show towards them is pretty pathetic, its time you got educated and stopped spouting communist propaganda nonsense, you make a complete fool of yourself with this stupidity,
Jan 16th, 2024 - 12:08 pm - Link - Report abuse 0Commenting for this story is now closed.
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