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GZERO World with Ian Bremmer

The global economy: good news and bad news from economist Dambisa Moyo

Mar 16, 2024
Economist Dambisa Moyo discusses global economic challenges like US strength, EU recession risks, China's woes, and record debt in Global South. They explore the impact of geopolitical crises on trade flows, inflation, and the post-Covid economic recovery. The conversation delves into the importance of sustaining growth, inflation targets, AI in the economy, and hurdles faced by developing countries like Brazil and South Africa.
22:36

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Quick takeaways

  • Global South countries struggle with high debt levels hindering growth below the required 3% annual rate for doubling per capita incomes.
  • Economic challenges like China's slowdown, US-UK recovery disparities, and debates on inflation targets pose uncertainties for global growth.

Deep dives

Global Growth and Economic Challenges

Global growth needs to be at 3% per year to double per capita incomes in a generation, yet many countries, particularly in the global South, are growing below this rate. Various economic challenges, such as post-COVID recovery disparities among countries like the US and the UK, China's economic slowdown, high debt levels in the global South, and geopolitical risks, are contributing to the slowest growth in decades according to the World Bank.

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