Economics

It’s Not All Doom and Gloom for the World Economy Even as Bears Roam

Resurgent emerging markets, cheap oil, and an end to the trade war could support growth.

Photo illustration: 731: Photos: Alamy

Watch out: The bears have come out of hibernation and are crashing all the holiday parties.

Just 12 months ago, the global economy looked to be in robust health. The International Monetary Fund hailed the synchronized upturn, with even traditional laggards such as the euro area and Japan looking sprightly.