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World economy: the expansion is becoming precarious

First published: Prospect 08/04/2019

This week, we will hear a lot from the IMF and World Bank spring meetings in Washington about the tensions in the world over trade and tariffs, the virtual standstill in productivity growth, and the question of how to secure reductions in both economic inequality and carbon emissions. The main media focus, though, will be on the IMF’s view about where the world economy is heading, against a background of rising angst about the strength and durability of what is already quite a long economic expansion. Read on…