The global economy is in a dormant but dangerous state. Not much is happening. The Eurozone continues to be stagnant despite aggressive money creation by the ECB. The US economy is poised while the Fed considers whether it is going to tighten in terms of wages and employment before it can raise rates. Oil has fallen back to its earlier levels of around $40 since the Opec and friends foundered at the meeting to restrict output. The politics of the sectarian rivalry between Iran and Saudi Arabia scuppered the prospect of output restriction which could have taken the price up to $50.
http://southasiamonitor.org/detail.php?type=eco&nid=16569
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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