slowdown

The fragile middle
Decades of rapid growth have created a new middle class in the developing world, prompting multinational companies to invest heavily in emerging markets as they attempt to serve millions of new consumers. But rising inequality and slowing growth has presented a risk to this new middle class and is forcing companies to rethink their strategy. In this week’s podcast, Ferdinando Giugliano is joined by Shawn Donnan, world trade editor and James Kynge, emerging markets editor to discuss this nascent middle class and its prospects in the face of slowing growth

♦ Michael Pettis, a finance professor at Peking University, argues that a slowdown in China’s economy will not lead to social unrest, provided median household income continues to grow at 6-7 per cent.
♦ The killings in Egypt over the weekend have highlighted the resurgence of the country’s shadowy ministry of interior.
♦A private group in Mumbai is hiring teachers with rather unusual backgrounds, but its engaging teaching methods are helping students to succeed.
♦ Paul Krugman thinks urban sprawl might be preventing social mobility in US cities.
♦ The BBC gives the lay of the land in Zimbabwe ahead of the elections. 

"Rocket eggs" (Getty)

China’s growth has fallen to 7.6 per cent, its slowest since 2009. This mild drop in growth has prompted some questions over the accuracy of China’s official data, especially in light of other weak data that has been released recently.

The slowdown has already manifested itself in different ways around the world. Read about it in the pieces below.