As a senior writer for economics in Washington, I am excited to cover the upcoming IMF and World Bank Spring Meetings, which will take place from April 15-20. Today, I want to focus on the increasing global divergence between economies. If you have any feedback or tips, please send them to ecodaily@bloomberg.net or reach out to me via @economics. If you have not yet subscribed to this newsletter, you can do so by clicking here.
To truly understand the current state of the global economy, it is essential to comprehend two key concepts. Firstly, there is a trend in many wealthy economies towards a post-pandemic recovery and an averted downturn, despite inflation proving more persistent than anticipated – particularly in the United States. Secondly, the global economy is becoming increasingly divided as some countries struggle to keep up with their wealthier counterparts.
