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Global recovery: this time it's different

Seeing the economy through the prism of yesterday's parameters no longer applies.
Thursday, October 23, 2014 - 05:50
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The way ahead is to accommodate the momentous swing in consumption versus communication that discloses human behavioural patterns apparently different from past assumptions.

THE moaning about the state of the global economy has now become almost deafening. The chorus is closing ranks around a battle cry for increased demand, which is nowhere to be seen. We do not, however, live in an economy responding in the same way to economic policies as it did until, say, 10