Australia’s Potholed Recession Path?

This week the IMF published their latest World Economic Outlook report, titled Resilience Under Strain, Urgent Choices. They say that in less than seven years, the global economy has been subjected to an exceptional sequence of events. Yet, despite this barrage of shocks, the global economy has held up better than expected, thanks to first, the rerouting of energy supplies; increased energy production in other countries; inventory drawdowns and substitution to other sources of energy and second, the investment boom triggered by artificial intelligence which has provided impetus to global activity and supported international trade. Investment has continued to rise in […]