China’s debt problem is serious, but the risk of a hard landing or banking crisis is, in my view, low. The reason is that the potential bad debts are corporate, not household, debts and were made at the direction of the state—by state-controlled banks to state-owned enterprises, as part of a stimulus in response to […]
Global growth slowed to three per cent on an annual basis in the middle of 2019 and is expected to remain below three per cent for the next 18 months, according to a Q4 report by Aviva Investors. “That would represent the weakest sustained period for over a decade,” the report said. “We expect all […]
Working longer could add $4.6 trillion to OECD economies: PwC
Which country tops the list in research and development?
But don't count on a random walk.
German households owe more than harder-working Greeks.
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