Aging demographics in the world’s wealthiest countries have long been leading to lower demand and slower growth. To delay that inevitability, the world’s financiers and central bankers devised strategies to pump ‘all you can eat credit’ into the world. That helped to sustain higher demand for longer but on the flip side, these policies have also bought a period of even slower demand for longer now. The future has arrived and it is cash-strapped.
ECRI co-founder Lakshman Achutan discusses the disparities in job growth. Here is a direct video link.
Nomura Senior Independent Client Advisor of Global Markets Bob Janjuah discusses China’s slowdown and its impact on global growth. Here is a direct video link.