, Columnist
That 'Synchronized Global Upswing' Is Out of Sync
We need a new description for this liminal moment in the world's economies.
Source: Kkolosov, via Getty Images
This article is for subscribers only.
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.