Out with the new—in with the oldby Jay Elwes / December 10, 2015 / Leave a comment
Published in January 2016 issue of Prospect Magazine
Prepare for a return of the old economic order. In the coming year, growth in Britain and the United States will be steady, unemployment will decline, interest rates will rise and there may even be a pinch of inflation. And while the “Anglo-Saxon” model delivers this welcome result, the so-called “Bric” economies, a group that includes Brazil, Russia and China, will run into trouble.