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Daniel Moss

That 'Synchronized Global Upswing' Is Out of Sync

We need a new description for this liminal moment in the world's economies.

Color shot of a vintage metronome

Source: Kkolosov, via Getty Images

Remember that "synchronized global upswing"? At the very least, it's gotten out of sync.

For much of the past year, "global upswing" was a compelling way to describe the economic picture. A new understanding is needed, but we won't be sure just what is happening until we see whether Japan and the euro region can convincingly bounce back from a string of disappointing numbers. If they can't rally as most economists predict, more of the burden for the global expansion will fall to the U.S. and China.