Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP
Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Signs of recovery are welcome, but the global economy is still on course for a crash

  • The upturn in trade and job numbers and positive market sentiment are fuelled by the generous stimulus that policymakers will need to maintain at all costs
  • While the illusion of plenty lasts, a sustainable economic recovery built on business and consumer confidence must take root

David Brown
David Brown

Updated: 10:28pm, 10 Aug, 2020

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Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP
Visitors to Guilin’s “Four Lakes” scenic area take photos of the sunset on August 8. China’s July trade data showed a larger-than-expected bounce, but it will take a while for companies and consumers to return to full-on spending sprees. Photo: AFP
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.