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NOTHING IS PERMANENT EXCEPT CHANGE

At this time last year, the global economy was experiencing strong, widespread growth, with even the long-stagnant European Union staging a robust recovery. But with key indicators of trade and investment now weakening, a new crisis – not least a global trade war – could quickly bring the global upturn to a halt.

“There is a new approach that we see in the world today, an approach that harbors doubts as to the validity of the international system,” she told an audience at the World Economic Forum in Davos, Switzerland on Wednesday. Merkel’s comments on Wednesday are likely to be seen as a rebuke to the nationalistic practices […]