, Columnist
Who’s Afraid of the Big Bad Economic Boom?
There’s too much whining about the super-strong recovery. You don’t get a spurt like this without a few bruises.
How do I lead an economic recovery again? (Photo by Three Lions/Getty Images)
Photographer: Three Lions/Hulton ArchiveThis article is for subscribers only.
The global recovery needs to call its agent.
An economic rebound as brawny as the one projected this year ought to be a cause for celebration. It’s a relief that gross domestic product will enjoy its biggest spurt in years — perhaps even decades — following the biggest drop since the 1930s. Instead, the almost daily upgrades to growth forecasts are met with handwringing about how everyone is too dependent on the U.S. and China — and the prospects for a significant jump in inflation. Naysayers sometimes sound like they’d prefer a subdued expansion.