Seven years after the global financial crisis began most developed economies are only slightly bigger, if at all, than they were in 2007, says The Economist. The US and Japan have made up the lost ground, but the eurozone and Britain haven’t; our economy is still 2% below its pre-crisis peak. Emerging markets, especially China, have continued to soar. China’s economy is around 70% bigger than it was in 2007.
Financial historian Russell Napier talks to Merryn Somerset Webb about the next deflationary bust – why it's coming, what it means for you, and how you can survive it.
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After the restoration of the monarchy, members of the 'Invisible College' asked King Charles II to approve their scientific and literary society on this day in 1660.