U.S.-China Rapprochement Will Not Come Quickly
Beijing and Washington continue to pursue policies that appear aimed more at competition and confrontation than at pursuing avenues for cooperation. Read More Here
Category: Global Economy
China’s Brute Force Economics: Waking Up from the Dream of a Level Playing Field
China’s tactics are not merely an assortment of cutthroat moves made by individual actors. Rather, they are features of Beijing’s long-term strategy and are backed up by the full force of the country’s party-state system, creating a challenge that Washington cannot afford to ignore. Read More Here
The Fate of the Global Balance Sheet
In 2022, global wealth shrank relative to GDP for the first time in decades. Whether this trend continues in 2023 will depend significantly on two factors: the effectiveness of Chinese policy and the strength of international economic cooperation. Read More Here
The US and China After Zero-COVID
China’s decision to ease its severe pandemic restrictions, and its subsequent struggle to contain the surge of COVID-19 cases, is expected to dominate news headlines in the near future. But de-escalating US-China tensions and fostering multilateral cooperation are also crucial to solving this century’s most pressing challenges. Read More Here
China GDP To Surpass US Around 2035, Goldman Sachs Predicts
World’s second-largest economy is expected to have ‘significantly higher’ GDP growth potential than the United States in the coming years, but demographic factors such as its rapidly ageing population could keep China’s potential growth rate below that of its Asian peers such as India and the Philippines. Read More Here
The Unavoidable Crash
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do about it. Read More Here
Remittances Grow 5% In 2022, Despite Global Headwinds
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. Read More Here
Ageing Is The Real Population Bomb
The most formidable demographic challenge facing the world is no longer rapid population growth, but population ageing. Thoughtful preparedness—combining behavioural changes, investment in human capital and infrastructure, policy and institutional reforms, and technological innovations—can enable countries to meet the challenge and take advantage of the opportunities presented by demographic change. Read More Here
Maritime Supply Chains Need Urgent Investment To Boost Resilience To Future Crises
UNCTAD’s Review of Maritime Transport 2022 warns that maritime transport and logistics require greater investment in infrastructure and sustainability to weather future storms. Read More Here
Trade Growth To Slow In 2023 As Global Economy Faces Strong Headwinds
World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023 as multiple shocks weigh on the global economy. WTO economists now predict global merchandise trade volumes will grow by 3.5% in 2022—slightly better than the 3.0% forecast in April. For 2023, however, they foresee a 1.0% increase—down […]
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