The World Economic Forum this week in Davos comes amid a dramatic change in the global economic climate over the past year. Should America stumble, which is far from certain, the risk of a self-feeding global slowdown would be considerable. And there is nothing predestined as yet about a major global slowdown this year. With central banks having less ammunition to counter a serious economic slowdown and with some fiscal balances already quite stretched, the private sector would have a lot to lose from a self-feeding economic slowdown. Economists mostly agree on what’s required to avoid a global slowdown.

Source: Washington Post January 22, 2019 14:12 UTC