Stories

Axios Jan 27
SaveSave story

Business is booming across the globe

Spanish Minister of Economic Affairs talking with the German Chief of Staff and acting finance minister. Photo: Thierry Monasse/Getty Images

The world may finally be getting out of a global downturn, according to NYT's Peter Goodman. "For the first time since the financial crisis a decade ago, all of the world’s major economies are growing," he writes.

Why it matters: "The world is now enjoying a positive feedback loop, with growing business confidence leading to more hiring, delivering gains in consumer spending. More money in consumer pockets gives businesses more reason to expand," Goodman notes.