From an FT email this morning:
The world economy is beset by feeble growth and a recovery that is “weak, uneven and in danger of stalling yet again,” according to the latest Brookings Institution-Financial Times tracking index. The publication provides sober reading, highlighting sluggish capital investment, falling industrial production and declining business confidence ahead of the spring meetings of the IMF and World Bank this week. The IMF is widely expected to revise its 3.4 per cent forecast for growth in 2016 down again.
What more can I say?
Neoliberalism is failing, I guess.
There is no other conclusion that explains this.