Good morning. Peter Vanham here, filling in for Alan.
Spring is in the air, and in Washington that means the IMF/World Bank Spring meetings are underway. For an overview of the accompanying IMF global growth forecasts, read Will Daniel’s piece in Fortune today. In essence, the IMF is worried that rate rises will trigger “fragility” and push the world economy towards a recession.
What stood out to me, however, was the return of another, longer-term shift: the center of gravity of global growth tilting back to the East, and the “West” no longer being able to decisively tip the scale on geo-economic matters—increasingly to its own detriment. Indeed:
