The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy
The global economy in 2025 is shaping up to be anything but ordinary. Already shaky confidence in an outlook of solid growth and lower inflation has given way to anticipation of a notably wide range of potential outcomes.
The question is not whether the US will continue to outperform most other countries. It will. It is more about the levels of divergence in growth and inflation and the degrees of disruptions in the global economic and financial architecture. The implications extend well beyond short-term economic wellbeing.
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