A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua
A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Falling FDI flows are yet another wake-up call about the health of the global economy

  • The stalling of FDI growth, the lifeblood of trade and economic activity, is another sign the global economy has swapped honest growth for a risky model based on excess liquidity, borrowing and consumption, making it vulnerable to risks such as the Wuhan coronavirus

A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua
A construction worker at the site of a makeshift hospital being built in Wuhan to house coronavirus patients. A global economy suffering from stagnant investments and bloated stock markets is highly vulnerable to a systemic shock from a health crisis. Photo: Xinhua
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London