World Recession in 2015

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Quite busy today. But a piece that I wrote for Al Jazeera on the prospect of a world recession in 2015 went up yesterday. It might be of interest to some readers. As the piece makes clear we cannot be sure that this will actually play out the way I outline. But there is certainly a distinct possibility. And for that alone it is worth commenting on.

Another US recession may be coming … sooner than you think

About pilkingtonphil

Philip Pilkington is a London-based economist and member of the Political Economy Research Group (PERG) at Kingston University. You can follow him on Twitter at @pilkingtonphil.
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5 Responses to World Recession in 2015

  1. Rob says:

    Wat denk je over Wendell Berry?

  2. Rob says:

    Berry schreef het boek, What Matters?:Economics for a Renewed Commonwealth. zeer interessante.

  3. Mark says:

    But isn’t it a good thing that emerging markets are investing less nowadays? I remember a lot of economists and pundits saying that we must resolve global imbalances: the US needs to export more, emerging markets need to import more, China has to shift to a consumption-driven growth model, etc. This narrative sounds very simplistic, but really, why can’t consumption compensate for investment (and exports) to maintain trend growth? Do emerging markets suffer from a lack of (internal) aggregate demand too?

  4. philippe101 says:

    Phil,

    there’s an interesting discussion going on at Nick Rowe’s blog about ‘loanable funds’ theory and post-Keynesian economics (in the comments section):

    http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/09/the-orthodox-new-keynesian-position-on-liquidity-preference-vs-loanable-funds.html#more

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