Heading for a reckoning
13 September 2012
The global economy has continued to expand through recent troubles, but much of the transatlantic growth is fuelled by loans and budget deficits. Sooner or later it'll be time to pay, says Bill Jamieson
In many respects, both the world economy and the economy here in the UK are in better shape than they have been for decades. The global economy is on course for growth in gross domestic product (GDP) of 4.6 per cent this year. This would be its fastest growth for 25 years. That is a noteworthy achievement in its own right. Against a backdrop of growing geopolitical...