Asia’s export-driven growth model is on its last legs. What comes next?
As the weather warms up in the northern hemisphere after a bitter winter, there is concern that the world is moving towards a synchronised global slowdown. This is a massive contrast to only a year ago, when the consensus was optimistic about a synchronised global recovery. This slowdown is mostly man-made – the biggest dampener being the US-China trade war, which aggravated the cyclical Chinese slowdown last year on the back of reforms aimed at getting a grip on the debt overhang. As Brexit moved from tragedy to farce, Europe ...
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