Editor's Picks: The old financial order is disintegrating

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  This episode of Editor's Picks is supported by IDA Ireland.

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  IDA Ireland can help source the skills you need to internationalise and thrive.

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  Visit idaireland.com to learn more.

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  Hi, John Priddo here.

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  I host Checks and Balance, our podcast on US politics.

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  Welcome to Editors Picks.

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  Here's an article from the latest edition of The Economist handpicked by our team and read aloud.

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  I hope you enjoy it.

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  At first glance, the world economy looks reassuringly resilient.

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  America has boomed even as its trade war with China has escalated.

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  Germany has withstood the loss of Russian gas supplies without suffering an economic disaster.

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  War in the Middle East has brought no oil shock.

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  Missile-firing Houthi rebels have barely touched the global flow of goods.

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  As a share of global GDP,

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  trade has bounced back from the pandemic and is forecast to grow healthily this year.

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  Look deeper though and you see fragility.

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  For years the order that has governed the global economy

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  since the Second World War has been eroded.

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  Today it is close to collapse.

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