Trade-war side effects and cyclical weakness are tangled up in ugly economic data that continues to pile up across the board, while the prolonged U.S. government shutdown is making it harder to track the world’s biggest economy.
We’ll have to find a darker fairy tale as the popular-with-economists Goldilocks no longer has a place in describing this trajectory. Here’s our weekly wrap of what’s going on in the world economy.
Fighting the Slowdown
It’s a grim week in global growth when the brighter take is that Italy’s more in stagnation than recession. Elsewhere, the tone is almost universally downbeat, with an OECD gauge