The truism that the future is uncertain is made more concrete when the principal guest at a conference on a Swiss mountain has declared a trade war for territory against his country’s closest allies, many of whose leaders are also guests. This is surreal, at the least.

Yes, surreal, but also perfectly in line with the Truman Trump Show. This is what he does, goddamnit, when are you journo jackasses gonna learn?

RECAP: IT'S ALL GREAT?

Last year’s faster-than-expected pace of growth capped a recovery from the 2020 recession unmatched in six decades, even if vulnerable emerging market and developing economies are lagging behind.” The fact that the recovery from the economic impact of the pandemic has been so strong is cheering.

(The "The vaccines did it!" take is retarded, but let's ignore that.)

The two deepest global recessions since 1960 occurred in 2009 and 2020. The recovery from the latter has been the strongest of all: within five years, global GDP per head is 10 per cent above its 2019 level. The recovery in high-income economies has been faster than after the previous recessions.

Interesting. Real-real, or just poorly inflation/asset/money-supply adjusted?

This seems about correct (and should indicate something about your current obsession, Mr. Wolf!)

On balance, accommodative monetary and fiscal policies, buoyant stock markets and AI euphoria have offset both Trump-induced uncertainty and the negative impact of tariffs, themselves substantially less aggressive than indicated on “liberation day” last April.

Sure, sure sure, whatever:

"as the recovery from the pandemic tells us, the world economy has great momentum: it has, after all, grown substantially in every year since 1950.""as the recovery from the pandemic tells us, the world economy has great momentum: it has, after all, grown substantially in every year since 1950."

Pretty dope chart, tho:

archive: https://archive.md/NajTM