The world economy is swerving, and the destination is unknown
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Source: The Manila Times
Published: 2026-08-16 02:03 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, World News, Business & Economy
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Snippet:
PHILADELPHIA, Pennsylvania — For decades, companies, investors and policymakers operated on the comforting assumption that the global economy was underpinned by a relatively stable equilibrium. Macroeconomic and financial shocks were treated primarily as cyclical disruptions that could be managed to put things back on track toward a predictable destination — that of per capita gross domestic product growth within a continuously globalizing economic and financial order.
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