Global Economy Remains Mired in Swamp of Low Growth (Eswar Prasad, Karim Foda, Brookings)

In true Sisyphean fashion, the world economy is faltering yet again, unable to gain much elevation and sliding back into the low growth morass it has been stuck in for some time. Major advanced and emerging market economies appear to be converging to a low growth environment characterized by weak investment, stagnant productivity, and tepid private sector confidence.

https://www.brookings.edu/opinions/global-economy-remains-mired-in-swamp-of-low-growth/

The Global Economy’s Stealth Resilience (Ngaire Woods, Project-Syndicate)

Last week, Christine Lagarde, the International Monetary Fund’s managing director, warned that if countries do not act together, the global economy could be derailed. Likewise, the OECD has warned that countries must move “urgently” and “collectively” to boost global growth prospects. Yet the G-20 finance ministers and central-bank governors to whom these entreaties were directed failed to agree any such action at their recent meeting in Shanghai.

http://www.project-syndicate.org/commentary/g-20-shanghai-meeting-distributed-governance-by-ngaire-woods-2016-03