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A decade later, and stormclouds loom for the global economy

Growth since 2008 has been stronger than many people realise, but stormclouds are gathering

Skyrocketing high-end property prices in places like London might indicate trouble ahead
Skyrocketing high-end property prices in places like London might indicate trouble ahead Photo: Howard Pugh / Moment / Getty Images

Much will be said about the tenth anniversary of the 2008 financial crisis, so I will focus on the global economy, which has not been nearly as weak as many seem to think.

According to the International Monetary Fund, the rate of real (inflation-adjusted) world GDP growth averaged 3.7% in 2000-2010, and would have been close to 4% if not for the so-called Great Recession.

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