Guests: Mauro Guillen and Eswar Prasad
Even though we may not be feeling it, the U.S. is the bright star in the global economy. Unemployment is at its lowest in six years, the GDP is growing, consumers are spending, manufacturing is showing stability, and the strength of the dollar is on the rise. It’s the rest of the world we have to worry about. The European economy is stagnant, Russia is facing serious inflation, China’s growth is slowing down, and Japan is in a slump. Today on Radio Times we’ll explore the twists and turns of the global economy, why the U.S. is recovering while other countries aren’t and what it all means for average Americans. Our guests are Wharton professor MAURO GUILLEN and ESWAR PRASAD, author of The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance.