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World Economy

World Economy: Ten years since the crash

All is not well with capitalism. Economic jitters parallel political volatility. Stock market highs in December turned to mass share sell-offs in February. Colossal personal and governmental debt stalks the system, limiting the capitalists’ room […]

World Economy

The robot bubble: New technology, new crisis ahead

The IMF in its latest prognosis praises what it sees as a stable growth of the world economy. Yes, there are some risks the IMF says, not least the political ones. But the crisis has been overcome, and a new and rosy period lies ahead. However, if you only look at the surface, that picture might seem true. In June, Fed-Chief Janet Yellen said in London that there will be no new financial crisis in “our lifetime”. She is 71 years old, so there is a chance she might be correct.