Bank of Japan’s first rate hike in 17 years is a damp squib
The message is big but the policy shift is small. The age of deflation is far from over in Japan.
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The message is big but the policy shift is small. The age of deflation is far from over in Japan.
The longer time goes on, the less likely a deep US recession looks. Yet the huge, consumer-driven rebound anticipated in the Chinese economy has failed to materialise.
As the West contends with soaring consumer prices, those in Beijing face an opposite challenge.
When it comes to GDP, the UK lags behind most of G20 countries and the average Brit is £10K a year worse off than their US counterpart.
The gas price surge is another example of extreme events exposing vulnerabilities in complex systems.
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