Citi's Buiter: Global Economy Has Been Slowing Down

The video discusses the precarious state of global growth, highlighting risks of a recession in 2016 and 2017. It examines the slowdown in emerging markets, particularly China and Brazil, and the impact on advanced economies. China's high debt levels and economic measures are analyzed, along with potential global recession triggers like US economic issues and Brexit. The video concludes with a discussion on policy responses, emphasizing the limitations of monetary policy and the lack of political will for fiscal expansion.

What are the implications of a potential recession in the US for the global economy, according to the text?

How does the text characterize the effectiveness of current monetary policy in major economies?

What is the suggested role of fiscal policy in addressing economic challenges as discussed in the text?