The Weakest Growth Outlook In Decades….

The IMF says global growth is set to decline over the next few years, driven by higher interest rates and inflation; geopolitical instability and insular behaviour. So they call for action to address this.

However, on a finite planet, perpetual growth is impossible so they should be perhaps taking a different tack because growth benefits the wealthy minority whilst the majority suffer. But then this is typical neo-liberal thinking, and I would expect nothing else from the Davos mob. But it does not make it right.

We have been led to a dead end by years of growth aligned policy, and of course GDP is hardly a good measure of success. And this same thinking has bankrupted monetary policy too. Time for some fresh thinking!

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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