Daily: On the verge of a second global recession in five years

Daily commentary: Global growth

I have been writing about the global growth slowdown for the better part of a year now. At the end of last year, I wrote:

Over the medium-term, despite easy money from the ECB, there are problems and I anticipate these to come to a head for the situation in Greece and for euro zone economic growth. In the medium-term, through 2012, I don’t expect euro zone failure. I do expect a worsening crisis as poor growth takes a toll. Over the longer-term, however, I am less sanguine. The euro cannot work as envisioned by the Germans. It will see at least Greece leave.

The things that I think are actually most relevant over the short to medium term on markets are outside Europe

Those things were the bubbles popping in China and Australia and the ass...


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