If Europe is willing to pay the price of expensive LNG imports, it could severely undermine Russia’s ability to earn hard currency via gas exports to finance the war in Ukraine. But this would carry high costs for Europe, too. Read More Here
France’s Emmanuel Macron was sworn in for his second term as president on Saturday, promising to lead the country with a “new method” as his political rivals kicked off campaigning for next month’s legislative elections. Read More Here
The long-time critics of globalization who warned us that it would end badly are having a told-you-so moment… It took a protectionist U.S. president, a global pandemic, and a new European war to prove them right. Read More Here
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country’s finance minister said while warning of an imminent cash crunch. Read More Here
The economic war is most unlikely to affect the outcome of the Ukraine War, but it does seem likely to produce outcomes that will prejudice energy security and the climate agenda, while falling hardest on the world’s poor. Read More Here
The war is a serious setback to Europe’s strong yet incomplete recovery from the pandemic, which left private consumption and investment well below pre-coronavirus forecasts, even as fiscal and monetary support underpinned an impressive rebound in employment almost to levels last seen before the pandemic.
There’s a new coalition government in power in Islamabad. And, like its predecessors, it not only inherits an economy in crisis, but is also engaging the International Monetary Fund, as well as key foreign partners – including Saudi Arabia and the United Arab Emirates – for emergency support. Read More Here
China’s full-scale lockdown of Shanghai, the country’s largest urban economy, will have far-reaching economic and social costs. More than just a public-health measure, the move should be interpreted as a reassertion of centralized control and a partial reversal of the devolution of power that took root after 1978. Read More Here
A coalition of more than half a dozen disparate political parties that have formed the new government illustrates the return of the old order. With a few exceptions, they are all old faces in the cabinet — tried and tested. The status quo remains, and dynastic politics has strengthened its hold. Read More Here
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
looking beyond borders 