The war between economic doomers and boosters is set to go mainstream
An ideological struggle over the contention that a lack of growth kills economies is moving from the fringes into the popular zeitgeist, as degrowthers and effective accelerationists face off.
Stasis or change? Stick or twist? Pessimism or optimism? Doomers or boosters? To this list of binary dualities fighting to shape the future direction of the global economy you can now add two more terms that have recently muscled their way into the discourse: “degrowthers” and “effective accelerationists”.
It looks like 2024 will be yet another damp squib for the global economy. Having avoided an anticipated recession last year, most economists are forecasting the US to just about squeeze out a meagre growth rate of between 0.5 per cent to 1 per cent over the coming 12 months. The UK and the eurozone will likely both struggle to get above 0.5 per cent.
