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OECD Demands “Urgent” Policy Response As Global Growth Heartbeat “Flatlines”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Global #economies have flat-lined, urgent policy response needed: #OECD’s @CLMann https://t.co/wywZhgVtRQ #growth pic.twitter.com/aMRWJMI7zs
— OECD (@OECD) February 18, 2016
zerohedge.com / by Tyler Durden on 02/18/2016 12:18
Last year, virtually all the very “serious people” threw in the towel on global growth and trade.
It’s been apparent for quite some time (like say, a couple of years) that the slump in trade growth has likely become structural and endemic as opposed to transient and cyclical in the post crisis world.
As WSJ noted last autumn, 2015 marked the third year in a row that the rate of growth in global trade trailed the already sluggish expansion of global GDP. “It’s almost like the timing belt on the global growth engine is a bit off or the cylinders are not firing as they should,” WTO chief economist Robert Koopman remarked.
Part of the shift is due to China’s transition from an investment-led, smokestack economy to a consumption and services led model and the rest is attributable to the fact that things simply “ain’t what they used to be” in terms of economic fundamentals.
The post OECD Demands “Urgent” Policy Response As Global Growth Heartbeat “Flatlines” appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/18/oecd-demands-urgent-policy-response-as-global-growth-heartbeat-flatlines/
