Daily Archives: June 29, 2011

The FT led its front page on Monday with a startling headline: “Economic growth must slow, warns BIS“. That’s right, economic growth must slow. As Martin Wolf cogently argues in the FT today, simultaneous deleveraging by private and public sectors, encouraged by all wings of macro policy, could result in a prolonged slump in global demand. Yet the BIS is not alone in its thinking. More and more policymakers seem to be gravitating towards similar conclusions. Read more