looking beyond borders

foreign policy and global economy

Archive for the category “Global Economy”

Lifelines In Danger

The COVID-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries.

Read Here – Finance & Development

Reopening From The Great Lockdown: Uneven And Uncertain Recovery

The COVID-19 pandemic pushed economies into a Great Lockdown, which helped contain the virus and save lives, but also triggered the worst recession since the Great Depression. Over 75 percent of countries are now reopening at the same time as the pandemic is intensifying in many emerging market and developing economies. Several countries have started to recover. However, in the absence of a medical solution, the strength of the recovery is highly uncertain and the impact on sectors and countries uneven.

Read Here – IMF

Trump Threat To ‘Decouple’ U.S. And China Hits Trade, Investment Reality

Conflicting talk from Trump administration officials about “decoupling” the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world’s biggest economies.

Read Here – Reuters

Lifelines In Danger

The COVID-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries.

Read Here – Finance & Development

COVID-19 To Plunge Global Economy Into Worst Recession Since World War II

The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects.

Read Here – The World Bank

Welcome To A World of Bubbles

Photo by Soner Ozmen on Unsplash

Plans for so-called air bridges and travel bubbles—agreements between countries allowing citizens to cross borders without needing to quarantine—provide hope for a resumption of travel… But rather than reuniting a fractured world, the reopening of travel based on separate international circles of trust risks introducing new divisions.

Read Here – Foreign Policy

The Folly Of Decoupling From China

China’s economy is not a discrete organism that can easily be separated from the global economy but rather a Siamese twin, connected by nervous tissue, common organs, and a shared circulatory system. The coronavirus pandemic has revealed the hidden vulnerabilities of this interconnected system of supply chains, especially for medical equipment.

Read Here – Foreign Affairs

Deglobalization Will Hurt Growth Everywhere

Even if the United States turns a blind eye to deglobalization’s effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared.

Read Here – Project Syndicate

Why Are Stocks Soaring In The Middle Of A Pandemic?

The contrast seems grotesque. A deadly pandemic has shut down the global economy and left millions of workers furloughed, fired, or stranded without gigs. The future for most businesses looks uncertain to dismal. Yet U.S. stock indices are near all-time highs, at giddy valuations comparable to the 2000 dot-com bubble and 1929.

Read Here – Foreign Policy

Post Navigation

%d bloggers like this: