A Dash of Coldwater Economics - week ending 17th January
Update: 2020-01-20
Description
In which, as usual, I stand under the cataract of global economic information and try to catch whatever fish I can.
This episode I also look at the 2019 outcome for China, and argue that it was a year spent treading water - neither waving nor drowning. There were some mildly encouraging signs, but the real story, I think, is that those mild upward inflections were bought at the cost of neglecting long-standing problems, or even abandoning earlier attempts to fix them.
There's no reason to expect 2020's outcome to be much different.
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