Despite predictions of doom for the heavily sanctioned Russian economy, nearly two months into Russian President Vladimir Putin’s invasion of Ukraine, his country’s oil exports to Europe and other have actually risen, and its financial sector is so far avoiding a serious liquidity crisis. Read More Here
Economies around the world have accumulated layer upon layer of legacies from past shocks since the global financial crisis. Extraordinary fiscal actions in response to the pandemic led to a surge in fiscal deficits and public debt in 2020. Read More Here
Any country that rises as impressively as China is bound to make fools of some prophets of decline along the way. In recent decades, Beijing has repeatedly confounded those who predicted it was about to hit the wall. Read More Here
Facing Sri Lanka’s worst economic crisis, the Rajapaksa family’s appeals to national security and Sinhala Buddhist nationalism may no longer be enough to keep them in power. Read More Here
Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us. Read More Here
Mian Mohammad Shehbaz Sharif was elected as the 23rd prime minister of Pakistan on Monday, receiving 174 votes in the 342-strong National Assembly after the Pakistan Tehreek-i-Insaf, which is the largest party in the lower house with 155 seats, boycotted the session and also decided to resign from the assembly. Read More Here
The US-China trade war and the recent freezing of much of Russia’s official foreign-exchange reserves have again raised fears of an exodus from the dollar. But no one should write the greenback’s obituary just yet. Read More Here
Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. […]
Anger is boiling over in Sri Lanka at the country’s worst economic crisis since independence in 1948, much of it directed at the island nation’s all-powerful ruling Rajapaksa family. Read More Here
Many academic studies suggest that sanctions on China or a break in Sino-American economic ties probably would have a smaller quantitative impact than one might think, at least over the medium to long term. But that is a theory better left untested. Read More Here
looking beyond borders 