Good News for the Global Economy, With Caveats

From spglobal.com

Optimism is disincentivized for economists. When an economist predicts recession and contraction, they are quickly forgiven when reality exceeds their expectations. No one minds unexpected good news. But when an economist predicts growth and sunny days ahead, anything less than total accuracy is ridiculed. Economics has unfortunately earned its nickname “the dismal science” by being, well, dismal. It’s no wonder that when economists share good news, they mix in dire warnings of impending disaster. Old habits die hard. It seems possible that the global economy might be doing okay. The forecast for global GDP has ... (full story)