The International Monetary Fund (IMF) forecasts modest positive global economic growth in the upcoming year. Europe, in particular, is expected to see an improvement in economic momentum. This cautious optimism reflects ongoing adjustments in the world economy after a period of intense globalization.
"In general, the IMF view is that in the next twelve months, the world economy will experience a low, positive rate of growth, with momentum in Europe picking up."
The concept of "The Levelling" captures the shift from rapid globalization to a phase where economic gains and growth are more evenly spread across nations. This transition raises important questions about the future of global trade, investment, and economic cooperation.
The blog highlights the idea that the era of aggressive globalization, characterized by fast, expansive cross-border trade and investment, is waning. Instead, the world faces an environment where economic development is more balanced and localized.
The Levelling explores the global shift from hyper-globalization to a more balanced phase, emphasizing slow but steady economic growth and renewed momentum in Europe’s economy.