Eastbound and down

The centre of gravity of the world economy is moving south and east.

Indian Government Photo
Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping, and South African President Jacob Zuma at a BRICS summit in 2014.
Gwynne Dyer
Published: Tuesday, 04/21/2015 12:12 am EDT

“The only function of economic forecasting is to make astrology look respectable,” said John Kenneth Galbraith, the wisest American economist of his generation. (“A paltry honour,” he would have murmured.)

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