The Margin for Error is Getting Uncomfortably Thin

“The global economy seems to be recovering,” the chairman of the IMF’s Financial Committee meeting said at press conference over the weekend. “The worst is definitely behind us,” advised Youssef Boutros-Ghali, who’s also the Egyptian finance minister in his day job. But most bouts of macro optimism come with caveats these days, and Boutros-Ghali’s cheerful commentary [...]