Home Global Economy 2022: What if growth is not forthcoming…

GEAB 159

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Nov 2021

Global Economy 2022: What if growth is not forthcoming…

The IMF has already started to revise downwards its 2021 growth projections: for the US (from 7 to 6%)[1], Asia (from 7.6 to 6.5%)[2], the Eurozone (from 5.4 to 5%)[3], and the world (from 6 to 5.9%).[4] As seen in our article on the central banks, the Western financial administration is bent on continuing unconventional monetary policies for as long as possible, if not definitively endorsing them. After declaring the contrary in June,[5] the IMF is encouraging France, for example, to keep the public purse strings untied to support the economy until 2023.[6] All this despite the fact that inflation is increasingly presented as sustainable (or at least to be taken into account throughout next year),[7] driven in particular by the high prices of energy, raw materials and products in general, blocked off by saturated ports and lacking personnel who risk not returning as long as wages remain at the bottom. 

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Contents

There is no doubt that the collective unconscious of the West feels threatened by an overpopulated humanity. Everything contributes to this diffuse feeling : . The post-pandemic return to life and [...]

The First World War was the result of unsurpassable alliances that have become anachronistic. The alliance with America is both outdated and unsurpassable in the 21st century: outdated because the [...]

The Covid crisis has put all central banks to the test, especially the European and American ones, which carry a significant share of the weight of the world economy on [...]

A new generation of traders has arrived in 2020 during the successive lockdowns. Although it does not change the rules of the game in the financial markets, it reveals a [...]

Bitcoin - Salvad'orisation Bukele, the young president of San Salvador, is rubbing his hands together at the rise in value of Bitcoin, which he adopted as his country's official currency [...]

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