When economics and geopolitics collide.Sometimes one can see the contours of a “perfect storm” ahead. It is true that, as Niels Bohr once said, “Prediction is very difficult, especially if it’s about the future.” But 2014 is shaping up as a candidate to become one of those signature years that defines major points of inflection in global trends.Let me state upfront that the sky is not falling. Near-term economic prospects have not changed much since 2013, with the world economy expected to keep growing around 3 percent. Although emerging economies have slowed down, they will continue to be major contributors …read more
Source: The Jakarta Post
