Achi news desk-
The increasingly optimistic economic story of 2024 so far is a world heading for a soft landing. Unfortunately that same world is also becoming more dangerous, divided, indebted and unequal.
The reasons for short-term optimism are obvious. A resilient US economy has defied expectations that the Federal Reserve’s barrage of interest rate hikes would cause a recession. The UK — which slipped into recession at the end of last year — is already growing again, and the German industrial sector is showing signs of change. Even in debt-ridden China, domestic tourists spent more per trip over the Lunar New Year holiday than in 2019 for the first time since the pandemic, and the nation’s factories are humming a little louder.
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