 | | Thursday, October 23, 2014 | | |  | | |  |
The world economy is not in good shape—and the biggest threat comes from the euro zone. As Angela Merkel and her peers have dithered, the currency union is on the verge of slipping into its third recession in six years and its inflation rate has slipped to 0.3%. Our cover leader warns that deflation is all too close and extremely dangerous
John Micklethwait, Editor-in-Chief | | | | | | Two separate killings of soldiers in Canada by suspects who had converted to Islam shocked the nation. One gunman fatally shot a soldier at the war memorial in Ottawa, the capital, before entering the nearby Parliament, where he was killed in an exchange of fire with the sergeant-at-arms. Two days earlier another soldier had been run down by a car in Quebec and died of his injuries. His assailant was also killed in a shoot-out. Canada recently authorised its air force to assist with the bombing of Islamic State forces in Iraq
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MORE FROM: POLITICS THIS WEEK » | | | China's economy grew by 7.3% in the third quarter, the worst showing since the depths of the global financial crisis in early 2009. Hampered by rising debt, overcapacity in its industries and a stumbling property market (house sales were down 11% in the first nine months of the year) China's slowing economy is likely to miss its GDP growth target of 7.5% this year
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