Breaking Out Is Hard
The global economy is unlikely to accelerate in 2014. The hope that the U.S. economy is reaching escape velocity won't pan out. Abenomics is likely to fizzle out in 2014. Emerging economies will likely remain in low gear. The chances are that the global economy, weighted by nominal GDP at current exchange rates, will grow at 2 percent
Globalization, turbo-powered by information technology, has cut short the feedback loop between demand stimulus and supply response. Any growth response to demand stimulus is short-lived, as past five years has demonstrated.
- Themed Dining
- Oil Giants Less Aggressive with Foreign Purchases Last Year
- Amid Graft Fight, Communist Party Wants Count of 'Unnatural Deaths'
- Closer Look: It's a Good Thing Taobao's Tussle with Regulator Spilled into Daylight
- Sinking Feeling
- Shenzhen's Circuit Breaker for Power Pricing
- Taobao, Gov't Get Real Testy over Fake Goods Accusations
- Shanghai Official Urges More Couples to Have Second Child
- Chinese Cities Go off Rails in Effort to Attract New Train Stations
- Water Works
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- Samsung Loses Connection with Chinese Consumers in 2014
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- China Boots Up an Internet Banking Industry
- Caught in Rising China's Centrifuge
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future