Stephen Roach, A Global Economy Without a Cushion (Project Syndicate, January 27, 2020) From 1990 to 2008, annual growth in world trade was 82% faster than world GDP growth. Now, however, this cushion has shrunk dramatically to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks. For global business-cycle […]
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