ECRI

ECRI says the global growth spurt is over.

The current situation is reminiscent of Wile E. Coyote and the Road Runner cartoons. Intent of chasing his nemesis, the coyote almost always misses a sharp turn in the road, running right over a cliff edge. He realizes too late that he’s in midair, and plunges into the chasm below. That’s the crux of the problem for international economies and markets in danger of being blindsided by the cyclical downturn in global growth.

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