The economy no longer has a locomotive to reverse the slowdown in worldwide growth, writes Patrick Artus in his latest FTSE Global Markets blog. To support the assertion he looks at three prevalent growth models as examples: debt-driven, export-driven, and exchange-rate undervaluation, arguing that these are no longer efficient in today’s uncertain economic climate. You can read the full article here.
The week before, his blog post took a more euro-related tone, pondering the possibility of a Germany without the euro. This was in response to a survey published at the end of July, where 51% of Germans polled thought that their country would be in a better situation if it were not part of the euro zone. To read the full article, please click here.