In a recent, in-depth conversation with WTFinance, renowned economist and fund manager Daniel Lacalle shed light on the current state of the global economy, revealing a stark contrast between the modest GDP growth figures reported by major economies and the harsh economic reality faced by most citizens. Despite the seemingly positive GDP growth in China, the US, and Europe, the average person is experiencing declining purchasing power and heightened economic strain. Lacalle attributes this paradox to the expansive fiscal policies, excessive government spending, and monetary easing implemented by governments worldwide. While these measures may inflate GDP figures, they simultaneously undermine…
Economy / FinanceEuropeKey VideosNorth America
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