In this month's infographic our economists investigate globalisation and ask is it in crisis? They look at whether China's problems are building and if deflation or inflation should be of greater concern to investors.
Having championed free trade, labour and capital flows the International Monetary Fund (IMF) and World Bank find themselves fighting against a wave of protectionism and moves to curb immigration.
China’s growth is stable but all the old problems remain, with renewed and persistent renminbi (RMB) weakness beginning to nudge complacent investors back into mild concern. More government stimulus will be needed – and delivered – in 2017, but we expect severe problems before the decade is out.
Latest GDP data shows Brazil’s economy improving after a dismal first quarter, while India’s economy slowed. However, both face brighter futures.
Economic growth in Brazil should improve further if reform progress is made, although it is likely to plateau at a low level next year.
Momentum is improving and we expect better performance this year compared to 2015, but reform efforts must continue.
The Japanese economy continues to struggle to regain momentum. We expect today’s GDP figures will result in a delay to the next consumption tax hike.