Searching for real growth
With bad news coming at us from Europe, China and the US, the fact of the matter is that we won't start to recover until we see real growth in terms of job creation, writes David McWilliams.
This week has been an extraordinary one for financial markets. On Friday, five straight days of losses were reversed in equity markets. The world is slowing down. The Chinese growth model, for so long the envy of the West, is stalling. The American recovery is spluttering and the crisis in Europe rumbles on.
What is happening is not that different from what happened in Ireland. A huge investment boom is coming to an end. But...
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