How deficits could save global growth

Global growth is slowing. The fix is simple: Spend.

The earth.
(Image credit: Illustrated | champc/iStock, MimaCZ/iStock)

The global economic engine is sputtering.

The International Monetary Fund (IMF) cut its forecast for global GDP growth in 2019. The three big drivers of the world economy — the United States, China, and Europe — are all showing signs of weakness. If they fall, observers fear, global GDP falls with them.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.