Warning signs for the global economy

The world’s two largest economies slow, while the UK’s financial sector readies for Brexit and the ECB retreats from QE. Structural challenges and limited space for any policy response add to fragility. Here’s the best of this week’s opinion and analysis.

Political instability will make it harder to ride out a slowdown

Excess austerity is a bigger risk than fiscal profligacy

A global recession is unlikely this year, unless a bear market causes one

America’s soyabean exports to the world’s biggest market have all but disappeared, leaving farmers dependent on a $12bn bailout  

The culprit is more likely to be markets than monetary policy in the event of a recession

With or without a Brexit deal, the City’s pre-eminence will be shaken

More from this Series

The Fed’s decision to unwind quantitative easing is not the culprit here

Returns may be dull but volatility has given a new shine to miners of the yellow metal

Letter from Prof Robert H Wade, London School of Economics, UK