A fragile and fickle recovery
Eswar Prasad, Karim Foda 23 April 2012
The world economy is showing scattered signs of improvement but remains fragile according to official forecasts. This column summarises the latest update of the Brookings Institution-FT Tracking Indices for the Global Economic Recovery. It confirms some positive signs but also much to worry about as the world economy continues to meander with no clear sense of direction.
The world economy remains on life support, largely provided by accommodative central banks.
recovery, forecast, TIGER
A silver lining lurks behind the dark clouds: Snapshot from the Brookings-FT TIGER
Eswar Prasad, Karim Foda 08 June 2010
Is the worst of the crisis behind us, or is this just the eye of the storm? This column provides a snapshot from a new index provided jointly by the Brookings Institution and the Financial Times known as TIGER – Tracking Indices for the Global Economic Recovery. It argues that while some dark clouds remain, the economic picture looks far better now than it did a year ago.
The world economy took a pounding during the financial crisis but seemed to be getting back on its feet over the last year (IMF 2010). Now the Greek debt crisis has rocked it back on its heels. Despite all the portents of doom, however, the world economy has in fact been quietly mending itself. This is not to say that the recovery is firmly entrenched or that few risks remain, but there are distinct glimmers of hope. The economic picture looks far better now than it did a year ago.
Frontiers of economic research Global crisis
global crisis, TIGER, global recovery