Why Economy Is Slowing: 'Things Could Get Much Worse' - Yahoo! Finance
The global economy is weak and getting weaker, due in large part to
the same policies that helped bring the world back from the brink just a
few years ago.
Measures like lowering interest rates
and creating money for central banks to conduct trillions in asset
purchases are "now seen as a sign of weakness rather than strength,"
said Andrew Kenningham, senior global economist at Capital Economics, a
London-based forecasting firm.
That view is gaining validity as easing moves last week in Europe and China as well as the recent measure from the Federal Reserve have had little effect in financial markets.
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