A country breakdown as global growth accelerates: Italy, Spain, Greece, Japan

Today’s commentary
My contention has been that global growth is accelerating. Backing that up, yesterday I looked at four economies where growth has been good. Only in Sweden were we seeing renewed weakness. Today, I want to look at four economies where growth has been poor and where big problems remain.
I will produce one more post n this series covering at least Germany, Austria, France and the Netherlands. I may include Norway, Canada or Australia. Growth is good in those countries. And the overall tenor of these posts is that the economy is poised to grow faster but that big problems lurk underneath. There is the private debt problem, there is the low wage growth problem in Europe and the US, there is the “secular stagnation” problem in Japan, and there is the depression and deflatio...


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