Source: economist.com
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The person is wearing a white lab coat, hairnet, and face mask, indicating that they are working in a controlled environment where contamination must be minimized. They are standing at a table with a green surface, surrounded by several pieces of equipment, including a large machine with a glass door and a conveyor belt.
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* The machine behind them has a large glass door that is open, revealing a dark interior.
* The conveyor belt is moving slowly, carrying small objects or parts through the machine.
* The overall atmosphere
Summary
The global economy is navigating various challenges, including the dollar's safe-haven status, slow AI adoption, and Trump's tariffs, while exploring new opportunities such as stablecoins and assessing resilience in the face of crises.
Key Points
- The US government's net interest payments are expected to exceed $1 trillion due to a large deficit and increased government-bond yields.
- Stablecoins might help reduce America's debt payments but raise concerns about potential costs and implications.
- Industry-specific tariffs under Trump's presidency pose a threat to various countries and industries, particularly electronics and pharmaceuticals.