Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth

News Snapshot:

The global economy is at risk of stagnating in the coming years — and America’s robust economic strength may not be enough to save it. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ — a sluggish and disappointing decade,” Kristalina Georgieva, the International Monetary Fund’s managing director, warned a few weeks ago. A lackluster performance in Europe and lukewarm growth in China (despite solid first-quarter data) are partly to blame. The good news is that despite major economic hurdles in recent years such as geopolitical conflict and high interest rates, a global recession isn’t in the...