A Wall Of Worry For The World Economy
Source: SeekingAlpha
2025-01-10 00:40:00 ET
Summary
- The world economy is always subject to downside risks. However, what distinguishes the current situation is the unusually large constellation of major economic and geopolitical downside risks.
- Start with the United States, the world’s largest economy. The main risk posed by that country is that Donald Trump will follow through on his campaign’s economic promises.
- It would be an understatement to say that a spike in American import tariffs is the last thing that the troubled and export intensive Chinese and European economies need right now.
The world economy is always subject to downside risks. However, what distinguishes the current situation is the unusually large constellation of major economic and geopolitical downside risks. That constellation makes the current consensus view of a continued world economic recovery in 2025 unlikely to turn out to be the correct view....
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A Wall Of Worry For The World Economy
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