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The Six Headwinds Threatening the Global Economy

Dambisa Moyo

April 18, 2018

"Yes, years of stimulus and ultra-low interest rates have finally brought the global economy to a point of rising employment and stronger economic growth. IMF and World Bank forecasts for global growth increased in January prompting a fresh wave of optimism. This revival in growth prospects is increasingly synchronized across advanced economies—notably in the US, EU, and Japan, and the leading developing countries, such as China, India, and Brazil. At a more granular level, many economies are seeing increases in capital investment and private consumption, as well as notable declines in unemployment. Yet, 10 years after the crisis, the global economy faces six structural headwinds that, left unchecked, promise to derail economic progress and damage living standards in the years ahead."

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