Economists fret over perils ahead for global growth

Bloomberg/Rich Miller, Steve Matthews and Catarina Saraiva/1-8-2023

“The world economy looks to be transitioning to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced. That’s the message that emanated from this year’s annual meeting of the American Economic Association in New Orleans.”

USAGOLD note: The economists, in short, see an economy in danger and capable of running off the rails. “We live in an era of many shocks,” say Harvard’s Kenneth Rogoff.