Ladies and gentlemen, yesterday’s electricity outage in Van der Hoffpark gave me the opportunity to spend some quality time with the latest issue of The Economist and I can recommend some reading for you:
- If we are talking trends in the global economy, the Daily Chart shows seriously lower growth expectations.
- There is a whole article explaining the slowdown in emerging economies.
- And then there is another one that explains that the challenges faced by developing coutries are not all about the problems in Greece or the US economy. The idea of a growth plateau is something that we will explore further in the September colloquium with Prof Peet Strydom.
- The scale of the problems in Greece are explained in an article about their bailout:
Greece’s new coalition government tried, and failed, to find €11.5 billion ($14 billion) of spending cuts demanded by the European Union (EU) and IMF in 2013 and 2014 as part of the country’s second international bail-out.
I just hope that they are able to hang on for us to discuss it under topic 5! But I have found a good blog post that asks whether Grexit has “lost its terror“. Let’s hope not.