World economy

Global economic whiplash

Illustration: Aïda Amer/Axios

There are two contradictory and ultimately irreconcilable stories playing out in the global economy right now.

  • Stocks are rising and investors have publicly become very bullish, but bond and currency markets are showing worry about the prospects for economic slowdown or even a recession.

What's happening: Both the market exuberance and trepidation can be traced back to the Federal Reserve's flip-flop on whether to raise interest rates.

Family ties are unraveling globally

The majority of people in nations around the world say that family ties have weakened in the past 20 years, with the Philippines and Indonesia as stark exceptions, according to a Pew Research Center survey of 27 different countries.

Reproduced from Pew Research Center; Chart: Axios Visuals