Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this weekhold their half-yearly meetings in Washington this week. Not because the world is crisis-free – it clearly isn’t – but because since they met six months ago no fresh crisis has emerged.
Allied troops landed in Normandy less than a month before Bretton Woods, the climate crisis wasn’t a thing and the US accounted for half of global output Third come the issues which were pressing in 2019 but were put to one side during the rolling crisis of the past five years. Action to tackle the prolonged period of weak productivity since the 2008 financial crisis is one; the fight against global heating is another.