A series of grim economic numbers from China have given the world a glimpse of what might lie ahead, as countries embark on draconian coronavirus containment measures. The Chinese economy went into free fall over the first two months of the year, data released on Monday showed, with industry, retail and investment all shrinking for […]
How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone’s guess. But even if the pandemic’s economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front […]
The combination of a coronavirus-induced growth slowdown and worldwide financial panic means that a global recession this year is virtually certain. But recession might soon be the least of our worries…As long as US President Donald Trump remains in office, it is difficult to envisage any credible international effort to resolve the financial crisis caused […]
At the urging of President Vladimir V. Putin, Russia’s lower house of Parliament passed legislation Tuesday allowing him to run for a fifth term as president. Putin, who is 67 years old and was first elected in 2000, noted that the legislation would still have to be approved by Russia’s Constitutional Court and in a […]
Policymakers and too many economic commentators fail to grasp how the next global recession may be unlike the last two. In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalised shortages, and rapidly rising prices. Read Here […]
With politicians proposing policies that would vastly expand the size of the government and its involvement in the economy, it is clear that too many Americans have forgotten the lessons of the twentieth century. As Friedrich Hayek and Milton Friedman pointed out long ago, deviating from market principles is a recipe for disaster. Read Here […]
The global coronavirus outbreak might accomplish something that myriad bad polls haven’t: make Republicans fear losing the 2020 presidential election. Until now, survey after survey has consistently shown President Trump losing to the Democrats in November. Like, to all of the Democrats. Yet Republicans have remained confident…But the plunging stock market, badly spooked by the unpredictable […]
India has now come to a watershed. Its powerful government can either focus its efforts on reinvigorating the economy or it can proceed with a transformation of an imperfect liberal democracy into something very different. It is easy to understand the appeal of this dangerous project. But we must hope that Mr Modi will listen, […]
The COVID-19 outbreak has hit at a time of much greater economic vulnerability than in 2003, during the SARS outbreak, and China’s share of world output has more than doubled since then. With other major economies already struggling, the risk of outright global recession in the first half of 2020 seems like a distinct possibility. […]
As China-India competition continues unabated, Afghanistan is somewhat insulated from their more sensitive security concerns. Unlike in Iran and other countries, where the competitive aspects of the relationship are emphasised due to geopolitical reasons, Afghanistan allows the two Asian giants to compartmentalise touchy issues and cooperate on common interests such as counterterrorism. Read Here – The […]
looking beyond borders 