The Trump administration is far more likely to continue to soldier on, pushing back wherever China impinges on U.S interests and responsibilities in the economic, political, military and diplomatic spheres, until China stops and respects the equities of America and its allies. But that doesn’t mean just business as usual. Expect the U.S. to double down […]
The United States is the battle-tested survivor of 12 recessions and a Great Depression over the last century. China has not suffered a recession since its economic boom began four decades ago, and its leaders now respond to any hint of a downturn by pumping more debt into the economy. Read Here – Foreign Affairs
While much of Washington engages in a fierce debate about whether Trump’s declared hope of getting America “back to work” by Easter is foolish or a prudent risk, a potentially weightier issue remains unaddressed: what’s going to happen to our country after this initial wave washes over later this summer? If we don’t start—right now—to […]
China has rolled out new measures to support its economy from the coronavirus pandemic, including an additional central bank credit line of 1 trillion yuan (US$14 billion) to small lenders. The initiatives announced at a cabinet meeting on Tuesday ranged from new bond quotas for local authorities to income support for poor Chinese. Read Here […]
India’s prime minister has asked for his country’s forgiveness after imposing a sweeping lockdown that he said had hurt millions of poor people. Criticism has mounted over the lack of planning ahead of the coronavirus shutdown, which was introduced with less than four hours’ notice. Many of India’s 1.3 billion citizens have been left jobless and hungry. Tens […]
India’s central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region. Read Here – Reuters
Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes” to minimize the economic and social impact of the Covid-19 pandemic. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members […]
With the COVID-19 pandemic still spiralling out of control, the best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis. But given the flailing policy response so far, the chances of a far worse outcome are increasing by the day. Read Here – Project Syndicate
Sooner or later, the world will bend the curve on the coronavirus, and the great power competition will pick up where it left off. The time to start assessing what that means for U.S. foreign and security policy in a post-pandemic world starts now. Washington ought to turn its attention first to those parts of the […]
India’s Prime Minister Narendra Modi urged the country’s 1.3 billion citizens to stay indoors to protect themselves from the fast-spreading coronavirus, hours after the government announced it was barring all international flights from landing in the country for a week starting March 22. “We are a developing nation and for a country like us, this […]
