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World Economy report

Inside this issue

• An examination of the world in the wake of the credit crisis

• Inequalities rank high among the most persistent problems

• Martin Wolf says the best we can hope for is big adjustments, but the worst is upheaval - -

Content

Credit squeeze leaves long shadow

The world economy suddenly lost its appearance of balance, says Chris Giles

Credit markets: Ripples of turmoil still spreading

A retreat from debt could spread into the wider economy, says Gillian Tett

Housing: Volatility haunts global housing markets

How likely is contagion from the US’s woes, asks Scheherazade Daneshkhu

Global inflation: Policymakers fear return of a banished beast

The risk is that growth will slow at the same time as prices rise. Eoin Callan reports

Crisis management: Bank tactics converge to ease impact on growth

The big three central banks’ response to the credit squeeze put a brotherhood at risk, says Chris Giles

Regulatory changes: Questions hard to answer

There is political pressure for a response – but wariness about where to focus it, says Gillian Tett

Business impact: Companies must work margins as credit climate grows frostier

Chris Hughes considers the fallout, now that the era of cheap and easy credit
has ended

China: A unique animal in the world economy

Richard McGregor on why Beijing remains confident

Japan: Slim chances of weathering a storm

It is too soon to declare a clean bill of health, writes David Pilling

Eurozone: Leaders lose some of their swagger

The economy was purring along quite nicely, writes Ralph Atkins

UK: Crisis causes a big shift in sentiment

US: Consumer behaviour at the centre of attention

Inequality: Growing income gap gives blueprint for action

Dollar and imbalances: Risk remains of a ‘disorderly adjustment’

Investment: Confidence of investors is beyond question

Sovereign wealth funds: Call for better accountability

Trade: Giving way to Plan B

Jean Claude Trichet: Architect of EU shapes status of its bank

Dominique Strauss-Kahn: Socialist aims to broaden political part of IMF role

Martin Wolf: Big test for the ‘great convergence’

Related content and features

Agricultural commodities: Political sensitivity over food price rises

Hank Paulson: A super-intermediary and a lead actor

Alistair Darling: Debut on the world stage

Christine Lagarde: A novice in charge of labour reform

Fukushiro Nukaga: Effort to ensure an even spread of wealth

Mervyn King: A governor’s dramatic fall from grace

Zhou Xiaochuan: One to watch as the guard changes

Ben Bernanke: Crunch provided the first real test

David Dodge: In praise of straight talk and steady hand

Alan Greenspan: Ghost of crises past gives hope of redemption

Globalisation must be all-inclusive