Leaders of the world's seven richest democracies attend a forum on the international economy, trade and security in Biarritz, France, on August 25 at the annual G7 Summit. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Falling stocks and a slumping global economy mean a welcome return to economic stimulus, as austerity and deregulation exit

  • Governments everywhere are turning to stimulus, it seems, to stave off the very real risk of global recession. This return to Keynesian-centred solutions must avoid boosting inequality again, though; governments should agree on a global ‘New Deal’

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Leaders of the world's seven richest democracies attend a forum on the international economy, trade and security in Biarritz, France, on August 25 at the annual G7 Summit. Photo: AFP
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