Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option. Read Here – […]
When leaders of the United States, Japan, Germany, France, Great Britain, Italy and Canada meet in the picturesque French seaside town of Biarritz, the official reason for their gathering will be the G-7 summit. But for many of them, the focus will be on bilateral meetings with a bombastic politician boasting a peculiar mop of […]
US President Donald Trump’s summits with North Korean leader Kim Jong-un in Singapore and Russian President Vladimir Putin in Helsinki are history, as is the G7 summit in Quebec and the NATO summit in Brussels. But already there is talk of another Trump-Putin summit in Washington, DC, sometime later this year. Some 30 years after […]
After watching the G7 train wreck aghast, senior officials at NATO headquarters are quaking in their boots at the prospect of hosting a summit of the Western defense alliance featuring a raging Donald Trump in Brussels. Far from showcasing transatlantic unity and resolve, they fear the 24-hour gathering of leaders of the 29-nation alliance, scheduled for about […]
President Donald Trump said the United States will not sign a joint agreement with other G-7 countries, an abrupt reversal that will further erode relations with key U.S. allies and underscore the country’s increasing isolation under Trump. Read Here – Politico
China will gather its friends and allies together for its biggest diplomatic event of the year in May, a summit on its New Silk Road plan, with most Asian leaders due to attend but only one from a G7 nation, the Italian prime minister. Read Here – Reuters
Their presence at the G-7 summit at Ise-Shima, Japan, last week was hardly noticed in India. But among the six leaders of the developing world present in the outreach session were Sheikh Hasina, prime minister of Bangladesh, and Maithripala Sirisena, president of Sri Lanka. Read Here – The Indian Express
looking beyond borders 