June 28, 2019: Weekly Forecasting Update

Martin Wolf: G20 Meets as Trade Rifts Heighten Risks to Global Economy: "Tit-for-tat tariffs between the US and China risk hitting an already precarious global recovery.... In today’s uncertain environment, policymakers need particularly to display caution, which is precisely the quality that populist politicians, with their contempt for rules, institutions and 'experts', lack most.... The G20... founded in an attempt to broaden the base for global co-operation, is a victim of the general disarray. The G20’s members are physicians who need to heal themselves. Will they? Not today, is surely the answer...