Workers at Dazhou railway station in Sichuan, inspect tracks linking China with Germany on March 14. China’s belt and road is a step in the right direction as it invests in infrastructure to boost regional growth. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

As global growth slows, the world needs a new Marshall Plan, not lower interest rates

  • Central banks cutting rates will only feed the addiction to cheap money. Instead, the US, Europe and Japan must contribute more to global efforts, like infrastructure-spending plans, to reboot recovery and worldwide trade
Workers at Dazhou railway station in Sichuan, inspect tracks linking China with Germany on March 14. China’s belt and road is a step in the right direction as it invests in infrastructure to boost regional growth. Photo: Reuters
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