The Goldilocks Economy


VISION: TIME's board of economists predicts another year of growth in 2006

It sounds like a recipe for economic disaster: oil prices soared, while central banks across the world hiked interest rates. But last year the global economy defied gloom-and-doomsayers and continued to grow robustly. The combination of big-spending U.S. consumers and a booming China that feeds the Western appetite for low-priced products resulted in a second consecutive year of worldwide growth, estimated at more than 4%. That's the strongest two-year growth period in three decades, and there's more good news to come: the world economy is on track to enjoy another bumper year in 2006 as this twin American-Chinese engine continues to...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!