With its open and traditionally nimble economy, Singapore often plays a weathervane role for global trade trends. As such, the ill winds blowing across the city-state should worry policymakers worldwide. According to statistics released, Singapore saw a startling 12.6% annualized drop in gross domestic product (GDP) between April and June. Viewed quarter-to-quarter, GDP collapsed a whopping […]
Beijing is likely to favour an African candidate for the top job at the World Trade Organisation(WTO) as US-China trade tensions drive the body into dysfunction, according to an adviser to the Chinese government and observers. Of the eight nominees vying to replace Brazil’s Roberto Azevedo, who is stepping down as WTO director general a […]
After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage capacity, and intense financial speculation that turned prices on one index negative. Although concerns about a second wave of coronavirus infections remain high, demand is […]
The COVID-19 pandemic’s toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may be reversed as the pandemic eases, historical data suggest that long-term economic consequences could persist for a generation or more. Read Here – Finance & Development
The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light. Read Here – […]
Australia is shocked – shocked – to discover that its main supplier of telecom equipment, Ericsson, depends on Chinese equipment from Panda Electronics, a Nanjing-based manufacturer that appears on the Pentagon’s latest list of Chinese companies linked to the People’s Liberation Army (PLA). Read Here – Asia Times
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
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 […]
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
looking beyond borders 