While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy. The world has long been drifting into a perfect storm of financial, political, socioeconomic, and environmental risks, all of which are now growing even more acute. Read Here – Project Syndicate
Countries from Italy to New Zealand have announced the easing of coronavirus lockdowns but British Prime Minister Boris Johnson, back at work on Monday after being in intensive care with the disease, said it was too soon to relax the restrictions. Nearly 3 million people have been infected by the coronavirus across the world and […]
The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue — and all this at a time when several of them already face explosive social unrest. Read Here – APNews
Denouncing China was a bipartisan sport in Washington well before the coronavirus pandemic, but now leaders in Europe, where the pandemic has also hit hard, are clamouring for accountability from China because of its early missteps and obfuscation, which abetted the spread of coronavirus around the world. But how severely can they really punish a […]
The seeming confidence expressed by global equity markets in the face of the COVID-19 pandemic has surprised many – including many market participants. But a closer look reveals an unambiguous message: The global economy is facing a long, deep malaise, followed by a “new normal” of reduced earnings and profitability for all but a chosen […]
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be […]
By unsheathing the oil weapon, the Saudis have finally tested the patience of oil-patch Republicans, who have long been among their staunchest supporters in Congress. Even though the United States, Saudi Arabia, Russia, and other big oil producers reached a deal this month meant to curtail oil output and undo some of the damage, it […]
There are also real concerns about the continued supply of products and medicines, partly because countries may hoard drugs during a crisis, and partly because of the quality of manufacturing processes—worries that are not unique to India. The world depends on a few key exporters: China for personal protection equipment, India for medicines, Malaysia for […]
Tattoo parlours and hair salons in Denmark. Beaches in Australia. Bookstores in Germany. Countries around the world that have seen coronavirus infections flatten out began easing their lockdowns Monday. In the U.S., meanwhile, the debate took on an increasingly political edge. Read Here – APNews
This is a “crisis like no other.” The outlook is dire. We expect global economic activity to decline on a scale we have not seen since the Great Depression. This year 170 countries will see income per capita go down—only months ago we were projecting 160 economies to register positive per capita income growth. Read Here – […]
looking beyond borders 