global economy

1. The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments. The global economy has become hotly controversial. Critics allege that its props, free markets and free trade, take jobs away from well-paid workers in the wealthy nations while creating sweatshops in the poor ones. Its supporters insist that the free movement of capital stimulates investment in poor nations and creates jobs in them. The process is also called globalization.

Example Sentences

The International Monetary Fund in its twice-yearly report on the global economy said the U.K. would post the second-highest growth this year of the Group of Seven large advanced nations—after the U.S.—with 1.3% expansion in both 2025 and 2026.

Read more on The Wall Street Journal

They became residents through a previous investor visa program, choosing to move overseas to expose their children to the global economy at an early age.

Read more on Barron's

Wall Street wants the U.S. and China to make up because higher tariffs and export restrictions are likely to harm the global economy.

Read more on Barron's

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

Read more on Barron's

The main risk to the global economy continues to be tariffs and trade tensions.

Read more on Barron's