Progressive Economy Forum Council member John Weeks writes on how the global economic slowdown is not the outcome of forces beyond human control, but rather an outcome of policy – in particular, of austerity in Europe: Over the last few weeks, two narratives seemed to dominate the economic news: 1) the gathering economic disaster caused by a feared “no-deal” in Brexit negotiations, and 2) a slowdown in the global economy that threatens recession or worse. To an extent the two narratives pass like ships in the night. The first narrative is presented as the reason of the low growth of the UK economy, while the second is mustered to explain recessions or near-recessions in France and Germany.

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