While some major economies are recovering fast from the pandemic-induced recession, others are languishing, and still others remain in a state of acute crisis. The extent to which these global inequalities persist will depend on a range of factors, and will have profound implications for social, political, and geopolitical stability. Read Here | Project Syndicate
China has suspended entry for foreign visitors from a further eight countries as it seeks to prevent importing the coronavirus. Notices telling people about the restrictions were posted on the websites of China’s embassies in Bangladesh, Ethiopia, France, India, Italy, Nigeria, Russia and Ukraine on Thursday. They came after would-be travellers from Britain, Belgium and the Philippines […]
It took four days of almost constant and uninterrupted negotiations, but in the end, a deal was made: EU leaders agreed on a roadmap out of the coronavirus economic crisis in the early hours of this morning, with the package predictably hailed as “historic” by almost all involved. Historic it might be, but that 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
As coronavirus cases spike, public health officials are pleading with Americans to avoid large crowds and hold more muted Independence Day celebrations, but subdued is not President Donald Trump’s style, and he aimed to go big, promising a “special evening” in Washington that could bring tens of thousands to the National Mall. Read Here – […]
COVID-19 and the Great Lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion. High-speed Internet is key for working from home, for children’s education when they can’t attend school in person, for telemedicine, for benefiting from social support programs, and for enabling access to financial […]
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
South Asian economies had seen some of the world’s fastest growth in recent years, but there are also high concentrations of extreme poverty in the region. Poor or near-poor residents of India and Pakistan were already suffering from a series of regressive economic policies, so for them, the pandemic is the second of a one-two punch. […]
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 – […]
U.S. President Donald Trump said he had offered to mediate a standoff between India and China at the Himalayan border, where soldiers camped out in a high-altitude region have accused each other of trespassing over the disputed border. “We have informed both India and China that the United States is ready, willing and able to […]
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