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Kenneth RogoffFinancial Review |
With political gridlock in Washington the norm, the sharemarket is betting that Nvidia is less likely to face anti-monopoly regulation.
China’s slowdown, lacklustre Europe and no US fiscal tightening in an election year means the risks to global growth are still on the downside.
The worst fears of a year ago did not happen. But the world economy is carrying too many stored-up problems for 2024 to be quiet.
Serial debt-defaulting countries have stunned economists by thriving though prudent policies advocated by the IMF.
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