Tyler Cowen, the ultimate free marketeer
Unites States, Europe, emerging countries all react differently to the same macroeconomic scenarios, and one after the other suffer the effects of the Middle Eastern geopolitical crisis with Europe on the front line.
Unites States, Europe, emerging countries all react differently to the same macroeconomic scenarios, and one after the other suffer the effects of the Middle Eastern geopolitical crisis with Europe on the front line.
The global economy is slowing. Emerging markets are struggling and many high-income countries continue to grapple with the legacies of the global financial crisis. But this is not the only cause for concern. The Syrian civil war and the subsequent emergence and spread of Islamic State (IS) have captured the world’s attention. We are all watching the Middle East, searching for a response to the brutality of terrorism. And because the fragile global economy is vulnerable to another oil shock, IS could become an economic threat as well. We must also consider the potential spill over effect from recent moves by the Federal Reserve.
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