4 min read.Updated: 01 May 2017, 05:00 AM ISTJim O'Neill
Elected governments should update the tax code to make debt issuance far less attractive, especially when the proceeds are being used to buy back shares
Back in February, I noted that the global economy at the end of 2016 was in a stronger cyclical position than most people had expected, given the political upheavals of the previous 12 months. That upward momentum carried through to the first quarter of 2017. According to the latest “nowcast"-type indicators, world GDP (gross domestic product) growth is exceeding 4%—perhaps the strongest performance seen since before the 2008 financial crisis.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.