The fragile world economy

Stock market prices are rising unperturbed, and economic growth is also higher than expected. Nevertheless, the next crisis is not far away.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).