The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia’s invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower […]
As China prepares for this fall’s 20th Party Congress, the odds grow stronger by the day that Chinese President Xi Jinping will emerge from the meeting having secured a third term in office. Read More Here
Provincial chiefs and central government ministers have gathered in Beijing to study President Xi Jinping’s governing doctrines – a signal that the ruling Communist Party will soon hold its twice-a-decade congress. Read More Here
Greeks and other southern Europeans could now be feeling schadenfreude as Germany faces the collapse of its economic model in the face of the Ukraine war and the new cold war with China. But with a democratic Europe in the balance, this is no time to gloat. Read More Here
Pakistan, too, has a shambling economy, now going from bad to worse in the wake of political uncertainty. There is gross unemployment, while the inflation rate has skyrocketed. Read More Here
For Pakistan, it is a perfect storm. At the end of Pakistan’s fiscal year on June 30, 2022, its trade deficit neared $50 billion, a 57 percent increase over the previous year. Had the Shehbaz Sharif government not banned the import of more than 800 non-essential luxury items in May 2022, the figure might have […]
The crisis triggered a wave of structural reforms that undoubtedly strengthened East Asian economies to the point where they were relatively unaffected by the Great Recession in 2008 and 2009 great financial recession. Read More Here
The Biden administration vastly underestimated the inflationary impact of the $6 trillion Covid stimulus package, which began under Donald Trump. It also underestimated the resilience of the Russian economy and the capabilities of the Russian military. Read More Here
Chinese policymakers are increasingly convinced that the United States is determined to implement a full-fledged strategy of containment against China. Read More Here
The West has a legitimacy problem in Africa, which China largely doesn’t have, mainly due to historical reasons. Read More Here
looking beyond borders 