After the G-20 meeting in Seoul, The Post asked economists to assess the outlook for the global economy. Below are responses from Mark Zandi, Douglas Holtz-Eakin, Eswar Prasad, C. Fred Bergsten and Karen Johnson.
The global economy’s prospects hinge on one key factor: policymakers’ ability to avoid protectionism. If they are able to avoid erecting barriers to trade, investment and immigration, then prospects will be bright. If not, the fragile global recovery will come undone.
So far, so good. Global policymakers’ arguably most important achievement during the Great Recession has been avoiding the kinds of trade and currency wars that contributed to the Great Depression.… Seguir leyendo »