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Mohamed El-ErianBrisbane Times |
The world’s second-largest economy faces a clear and present danger of falling into the middle-income trap.
Markets had embraced, with too little critical thinking, the narrative of a quasi-automatic, very soft landing leading to both large and early Fed...
Markets and commentators are buoyant in expectation of interest rate cuts this year. But they are overestimating how much power central banks really...
The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse...
The main concern is that too many policymakers seem more focused on reinvigorating inefficient growth engines than shifting towards more sustainable,...