Macro Macchiato: Increasing Signs of Recession?
The global economy has grown slowly since the financial crash of 2008, but it has grown consistently to recover lost production. Even in the UK, the government was recently pleased to announce that workers’ average wages have now recovered to their 2008 levels after a decade of austerity. Applause from the housing estates of manufacturing towns was muted. Stock markets around the world have been hitting high notes, fattening the pensions of workers and building the bonuses of