A global recession is not in prospect
That will be a relief to investors everywhere
A weak jobs report in America has raised fears that the world’s largest economy is heading for recession. America’s stockmarkets have tumbled, with fear spreading to other countries. Japan’s Topix index is 15% off its recent high; Germany’s main index is down by 7%. When America sneezes, everywhere catches a cold.
This article appeared in the Finance & economics section of the print edition under the headline “Take a deep breath”
Finance & economics August 10th 2024
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- A global recession is not in prospect
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- How Chinese shoppers downgraded their ambition
- Why Warren Buffett has built a mighty cash mountain
- Africa’s two most populous economies brave tough reforms
- Should central bankers argue in public?
From the August 10th 2024 edition
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