global economy

Cultural  

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.

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Example Sentences

Investors are embracing signs that the U.S. economy — and indeed, the global economy — may have turned a corner after years of post-COVID uncertainty.

From MarketWatch

The global economy isn’t drifting.

From Barron's

Investors are likely to read that as a sign that nothing important is happening in the global economy.

From Barron's

USD typically weakens when the global economy is improving, the members add.

From The Wall Street Journal

The U.S. and Qatar won’t be equally resilient in a global economy that could deliver a double-whammy to the industry through low international gas prices and weak demand.

From Barron's