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Snap your red shoes together and repeat after me.
There’s no place like home. There’s no place like home. There’s no place like home.
If Dorothy in “The Wizard of Oz” were looking at the global economy, that’s exactly what she’d say. Unemployment in the U.S. stayed at 4.9% in August. Inflation ran at 0.8% and hourly wages increased 0.4% for July.
“The economy is fundamentally strong,” says Steve Rick, chief economist of CUNA Mutual Group.
But step off the shores of the U.S., and almost anywhere you land, you’ll find consumers and investors struggling to maintain their footing on the economic landscape.
The global economy has stumbled, in some places worse than others. To keep your scorecard up to date, here’s what’s playing out in other parts of the world.
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