Economic Super-Cycle
Could be on its way…
But then so could a host of other economic predictions, all set to get an airing at Davos.
Bloomberg: Gerard Lyons, chief economist and group head of global research in London for Standard Chartered, which generates most of its earnings from Asia…and his colleagues predict a “super-cycle” of historically high growth that will last at least a generation and will be led by booming trade, investment and urbanization, according to a report published in November.
Looking good.
But there’s always a party pooper:
Talk of a super-cycle gets little support from Joseph Stiglitz, a Davos veteran and 2001 Nobel laureate. He contends that globalization and free trade may be stymied by unemployment in rich nations and the risk that more of these countries’ jobs will be lost abroad.
Whose crystal ball is better than whose? Sorry, success is retrospective. You’ll just have to wait and see but there’s sure to be an economist somewhere who gets it right.
