In planning for the year ahead, economic policymakers should pay less attention to the consensus economic forecast and more attention to today’s everything asset and credit market bubble. Maybe then when those bubbles burst, they will not be caught out as flatfooted as they were in 2008. Read More Here
Bangladesh’s motivations are less about growing fondness for China, however, and more about geopolitical realities in South Asia and long-term dissatisfaction with India. Read More Here
Germany’s new ruling coalition has advanced a much-needed vision for the country, but realizing it will depend largely on its party leaders’ political skill. If the coalition fails, Germany will risk reverting to its old habit of doing too little too late – an outcome that would jeopardize its position in Europe and the world. […]
Amid persistent concerns about the impact of Delta and newer variants of the coronavirus, supply-side constraints are tightening and rising inflation is becoming a significant restraint on policy support that could keep growth on track. Read More Here
Europe has met the COVID-19 pandemic with audacity and imagination and is enjoying a strong but bumpy economic recovery. It now faces two policy challenges: controlling inflation and dialling back fiscal support. Read More Here
The second great transformation of China’s economy is underway, and it won’t happen without some pain. China’s meager GDP growth of 4.9% in the third quarter is both worse and better than it looks. Read More Here
It is unclear whether current widespread product shortages are merely a temporary disruption or evidence of a global production meltdown. But today’s supply shocks offer striking parallels with the 2008 global financial crisis, and may require a similarly bold policy response. Read More Here
Joe Biden might have scorned Trump’s “America first” approach to the world, but he’s doing his best to carry on Trump’s legacy on everything from foreign policy to trade and immigration. Read More Here
Federal Reserve officials have indicated they expect to soon slow the asset purchases they have been using to support the U.S. economy and predicted they might raise interest rates next year. Read More Here
A new world is beginning to take shape, even if it remains disguised in the clothes of the old. The United States, Britain, and Australia have announced what is in effect a new “Anglo” military alliance. Read More Here
looking beyond borders 